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LME Nickel to Move in Narrow Range (2017-5-3)
May 3,2017 09:10CST
price review forecast
Source:SMM
Positive news that domestic NPI smelters will slash output has been absorbed.

SHANGHAI, May 3 (SMM) – Positive news that domestic NPI smelters will slash output has been absorbed. It was reported one large domestic stainless steel plant may restart. LME nickel will consolidate in narrow range today, and SHFE 1709 nickel should hover between RMB 79,000-80,500/mt, with spot prices between RMB 78,200-80,000/mt. 

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