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Home / Metal News / LME Prices to Fluctuate at Highs (2017-8-17)

LME Prices to Fluctuate at Highs (2017-8-17)

Aug 17, 2017 09:24

Source:SMM

US Fed official reached agreement on balance sheet cuts this year but are split on whether to hike interest rate before year-end. Gold rose, and yuan appreciated overnight.

SHANGHAI, Aug. 17 (SMM) – US Fed official reached agreement on balance sheet cuts this year but are split on whether to hike interest rate before year-end. Gold rose, and yuan appreciated overnight. LME nickel will fluctuate at highs today, and SHFE 1801 nickel should hover between RMB 87,000-88,600/mt, with spot prices between RMB 85,800-87,400/mt.

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LME nickel prices

SHFE nickel prices

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New York Fed’s Robert Dudley said he support the Fed to raise interest rate for another time this year if economic growth remains on track, leaving the US dollar strong and weighing down ferrous metal

Aug 15, 2017 09:24

SMM Comments

LME Nickel to Fluctuate at Current Level (2017-8-15)

SHFE 1801 Nickel Closes Higher (2017-8-4)

SHFE 1801 nickel opened at RMB 84,860/mt today and hovered around RMB 84,400-85,110/mt, with the low-end of RMB 84,400/mt.

Aug 4, 2017 18:56

SMM Comments

SHFE 1801 Nickel Closes Higher (2017-8-4)

SHFE 1709 Nickel Closes Higher (2017-5-17)

SHFE 1709 nickel opened at RMB 76,500/mt today, and inched down to RMB 76,400/mt as longs exited the market with profit-taking.

May 17, 2017 17:17

SMM Comments

LME Nickel to Hover at Lows (2017-4-27)

Trump’s health care reform plan made no substantive progress, weighing down the US dollar.

Apr 27, 2017 09:13

SMM Comments

SHFE Nickel Ends with Small Gains (2016-8-29)

SHFE 1701 nickel started at RMB 78,380/mt and closed at RMB 78,570/mt, down 0.15%.

Aug 29, 2016 17:46

SMM Comments

Shanghai Spot Nickel to Stabilize (2016-8-29)

Crude oil was weighed down last Friday due to Janet Yellen’s hawkish statement, while the US dollar index gained ground.

Aug 29, 2016 09:40

SMM Comments

SHFE Nickel Prices Down 0.99% (2016-8-26)

SHFE 1701 nickel started at RMB 78,450/mt and ended at RMB 78,310/mt, down 0.99%.

Aug 26, 2016 17:05

SMM Comments

SHFE Nickel to Hover in Narrow Range (2016-8-17)

Crude oil picked up.

Aug 17, 2016 09:31

SMM Comments

SHFE 1701 Nickel Trades Down (2016-8-5)

SHFE 1701 nickel started at RMB 81,600/mt last night and ended at RMB 82,960/mt.

Aug 5, 2016 17:43

SMM Comments

One North-China Stainless Steel Mill Lifts NPI Purchase Price by 30 yuan, SMM Reports

One stainless steel mill in north China raised its August procurement price for high-grade NPI by 30 yuan, Shanghai Metals Market reports.

Aug 4, 2016 13:35

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LME Prices to Fluctuate at Highs (2017-8-17)

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