Metals News
LME and SHFE Nickel to Drop Next Week, SMM Says
smm insight

SHANGHAI, Jun. 3 (SMM) –LME nickel should fall and move in an $8,200-8,600 per tonne range, and September nickel on the SHFE will slip to 66,000-68,200 yuan per tonne, SMM predicts.

“The strong US dollar, surging refined nickel inventories and sluggish economic indicators from China will compound pressure on nickel futures prices.” SMM nickel analyst explained. 

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