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LME Nickel to Hover at Lows (2017-4-27)
Apr 27, 2017 09:13Source:SMM
Trump’s health care reform plan made no substantive progress, weighing down the US dollar.
SHANGHAI, Apr. 27 (SMM) – Trump’s health care reform plan made no substantive progress, weighing down the US dollar. Output cut by refined nickel smelters and NPI plants will support nickel futures. But downstream demand remained soft. LME nickel will consolidate at lows today, and SHFE 1709 nickel should hover between RMB 77,500-78,500/mt, with spot prices between RMB 76,100-78,800/mt.
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