LME Nickel Prices to Look for Support
2017/9/18 view:
Sept. 18 – China’s RMB loans and informal financing in August topped market expectations, with M2 supply hitting record low. Forex receipts fell for 22 months in a row.
LME nickel is expected to look for support from the 40-day moving average today. SHFE 1801 nickel should hover between RMB 87,200-88,400/mt today, with spot prices between RMB 86,700-87,800/mt.
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