SHANGHAI, Sept. 21 (SMM) – The Fed is expected to cut balance sheet and hike interest rate for another time this year at October’s meeting. Base metals will meet resistance. LME nickel is expected to meet resistance from the 10-day moving average today. SHFE 1801 nickel should hover between RMB 88,800-90,000/mt today, with spot prices between RMB 88,800-90,200/mt.
SHFE 1801 Nickel Prices to Move at Lows (2017-9-21)
The Fed is expected to cut balance sheet and hike interest rate for another time this year at October’s meeting.
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