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Upward Momentum for SHFE Nickel to Weaken (2017-7-26)
Jul 26,2017 09:53CST
price review forecast
Source:SMM
SHFE released draft on the launch of stainless steel futures.

SHANGHAI, Jul. 26 (SMM) – SHFE released draft on the launch of stainless steel futures. After the launch of SHFE stainless steel, SHFE nickel will receive more inflows of cash. LME nickel extended gains overnight. US Senate began to revise health care bill. LME nickel will test support from USD 10,000/mt today, and SHFE 1709 nickel should hover between RMB 80,800-82,500/mt, with spot prices between RMB 80,800-83,600/mt.  

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