SHFE Nickel to Stay Weak
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- Publish Time:2019-11-22
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Nickel price moved downward, and market expects SHFE nickel to fall further. The spot market waits for the supply of metal from warrants.
Some industrial metals closed up in yesterday’s night trading session, boosted by expectations of a China-US trade deal. However, other metals continued to be pressed down as market still concerned the potential uncertainties of a comprehensive trade deal.
LME 3m nickel closed at $14,690/mt, down $155/mt or 1.04%. SHFE 3m nickel closed at 115,200 yaun/mt, down 880 yuan/mt or 0.76%.
