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LME Nickel Prices to Look for Support (2017-9-18)
Sep 18,2017 09:36CST
price review forecast
Source:SMM
China’s RMB loans and informal financing in August topped market expectations, with M2 supply hitting record low.

SHANGHAI, Sept. 18 (SMM) – China’s RMB loans and informal financing in August topped market expectations, with M2 supply hitting record low. Forex receipts fell for 22 months in a row.

LME nickel is expected to look for support from the 40-day moving average today. SHFE 1801 nickel should hover between RMB 87,200-88,400/mt today, with spot prices between RMB 86,700-87,800/mt.  

nickel prices
LME nickel prices
SHFE nickel prices

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