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Home / Metal News / LME Nickel to Fluctuate at Lows (2017-4-24)

LME Nickel to Fluctuate at Lows (2017-4-24)

Apr 24, 2017 09:37

Source:SMM

Crude oil prices fell below USD 50/bbl overnight with market pessimism prevailing in the market.

SHANGHAI, Apr. 24 (SMM) – Crude oil prices fell below USD 50/bbl overnight with market pessimism prevailing in the market. Emmanuel Macron won Sunday’s first round of French presidential election. The euro jumped and gold plunged. The US dollar opened low and then rallied.

China Nickel Ore Inventories Grow Finally, SMM Reports, with Bearish Outlook for Price

LME nickel will consolidate at lows today, and SHFE 1709 nickel should hover between RMB 78,000-79,800/mt, with spot prices between RMB 76,800-79,800/mt.

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LME nickel prices

SHFE nickel prices

For queries, please contact William Gu at williamgu@smm.cn

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LME Nickel to Fluctuate at Lows (2017-4-24)

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