LME Nickel Prices to Hover at Lows (2017-9-22)-Shanghai Metals Market

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LME Nickel Prices to Hover at Lows (2017-9-22)

Price Review & Forecast 09:23:45AM Sep 22, 2017 Source:SMM

SHANGHAI, Sept. 22 (SMM) – Gold price rose. Stainless steel consumption weakened recently, with prices continuing falling and narrowing its profit. LME nickel is expected to hover around USD 10,800/mt today. SHFE 1801 nickel should hover between RMB 84,200-85,600/mt today, with spot prices between RMB 85,000-86,700/mt.  

Price

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62% Fe Fines (Qingdao Port): IOPI62
Nov.21
665.0
-1.0
(-0.15%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Nov.21
87.3
-0.3
(-0.30%)
58% Fe Fines (Qingdao Port): IOPI58
Nov.21
568.0
3.0
(0.53%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Nov.21
74.8
0.3
(0.42%)
65% Fe Fines (Qingdao Port): IOPI65
Nov.21
724.0
-3.0
(-0.41%)

LME Nickel Prices to Hover at Lows (2017-9-22)

Price Review & Forecast 09:23:45AM Sep 22, 2017 Source:SMM

SHANGHAI, Sept. 22 (SMM) – Gold price rose. Stainless steel consumption weakened recently, with prices continuing falling and narrowing its profit. LME nickel is expected to hover around USD 10,800/mt today. SHFE 1801 nickel should hover between RMB 84,200-85,600/mt today, with spot prices between RMB 85,000-86,700/mt.