LME Nickel Prices to Hover at Highs (2017-9-13)-Shanghai Metals Market

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LME Nickel Prices to Hover at Highs (2017-9-13)

Price Review & Forecast 09:08:46AM Sep 13, 2017 Source:SMM

SHANGHAI, Sept. 13 (SMM) – Oil prices rose as OPEC countries discussed output cut issue. Gold rebounded. Contango remained high on LME nickel market as LME nickel moved at lows. Domestic fundamentals are relatively firm compared to overseas market, with longs active.

LME nickel will move above USD 11,850/mt today. SHFE 1801 nickel should fluctuate between RMB 92,800-94,200/mt today, with spot prices between RMB 92,400-93,500/mt.  

LME Nickel Prices to Hover at Highs (2017-9-13)

Price Review & Forecast 09:08:46AM Sep 13, 2017 Source:SMM

SHANGHAI, Sept. 13 (SMM) – Oil prices rose as OPEC countries discussed output cut issue. Gold rebounded. Contango remained high on LME nickel market as LME nickel moved at lows. Domestic fundamentals are relatively firm compared to overseas market, with longs active.

LME nickel will move above USD 11,850/mt today. SHFE 1801 nickel should fluctuate between RMB 92,800-94,200/mt today, with spot prices between RMB 92,400-93,500/mt.