SHANGHAI, Apr. 18 (SMM) – China’s GDP hit the highest level in one and a half years. One Philippine official revealed that President reappointed Regina Lopez as Secretary of Department of Environment & Natural Resources while legislative committee said it is unclear if Lopez will be reappointed. SHFE 1709 nickel will stabilize at lows on Tuesday and LME nickel will find support at lows. SHFE 1709 nickel will challenge the 5-day moving average and will move at RMB 80,500-81,600/mt.
In China’s domestic market, spot nickel should trade at RMB 79,300-81,300/mt on Tuesday.
![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)
