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Home / Metal News / SHFE 1801 Nickel Prices to Move at Lows (2017-9-21)

SHFE 1801 Nickel Prices to Move at Lows (2017-9-21)

Sep 21, 2017 09:00

Source:SMM

The Fed is expected to cut balance sheet and hike interest rate for another time this year at October’s meeting.

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.

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LME nickel prices

SHFE nickel prices

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SHFE 1801 Nickel Prices to Move at Lows (2017-9-21)

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