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

more
62% Fe Fines (Qingdao Port): IOPI62
Sep.20
759.0
0.0
(0.00%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Sep.20
99.3
-0.1
(-0.13%)
58% Fe Fines (Qingdao Port): IOPI58
Sep.20
694.0
-6.0
(-0.86%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Sep.20
91.6
-0.8
(-0.89%)
65% Fe Fines (Qingdao Port): IOPI65
Sep.20
814.0
0.0
(0.00%)

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.