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Home / Metal News / SHFE Nickel to Hover at Highs (2017-7-27)

SHFE Nickel to Hover at Highs (2017-7-27)

iconJul 27, 2017 09:38
FOMC announced to leave interest rate unchanged and will cut balance sheet relatively rapidly, which may start in September at the earliest.

SHANGHAI, Jul. 27 (SMM) – FOMC announced to leave interest rate unchanged and will cut balance sheet relatively rapidly, which may start in September at the earliest. The US dollar plunged overnight. LME nickel will test support from USD 10,000/mt today, and SHFE 1709 nickel should hover between RMB 80,500-82,300/mt, with spot prices between RMB 80,500-83,200/mt.  

nickel prices
LME nickel prices
SHFE nickel prices
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