SHFE 1801 Nickel Prices to Move above 5-day Moving Average (2017-8-25)

Aug 25, 2017 09:38

US annualized existing home sales fell short of market expectations in July.

SHANGHAI, Aug. 25 (SMM) – US annualized existing home sales fell short of market expectations in July. The hurricane affected major energy producing regions in the US. Gasoline prices were up while crude oil prices dropped. LME nickel will find support from the 5-day moving average today, and SHFE 1801 nickel should hover between RMB 93,500-95,000/mt, with spot prices between RMB 92,350-93,500/mt.

nickel prices

LME nickel prices

SHFE nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SHFE 1801 Nickel Prices to Move above 5-day Moving Average (2017-8-25)

SMM Events & Webinars

NET ZERO CHINA Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

2025 ASIA BATTERY MATERIAL COOPERATION SALON