SHANGHAI, Jul. 2 (SMM) – LME nickel prices opened at USD 12,025/mt, and dipped to RMB 11,965/mt due to worse-than-expected official and HSBC’s PMI for China in June and Greek default. During European and US trading session, LME nickel price declines were arrested, with the high-end of the price range of USD 12,050/mt, and the low-end of USD 11,985/mt, and closed at USD 11,990/mt, down 0.21%. Trading volumes decreased 5,543 lots to 6,145 lots, and total positions declined 1,512 to 220,000. LME nickel inventories were up 672 mt to 457,110 mt.
SMM Nickel Market Morning Review (2015-7-2)
LME nickel prices opened at USD 12,025/mt, and dipped to RMB 11,965/mt due to worse-than-expected official and HSBC’s PMI for China in June and Greek default.
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