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Home / Metal News / LME Nickel to Lack Ability to Rise (2017-5-8)

LME Nickel to Lack Ability to Rise (2017-5-8)

May 8, 2017 09:44

Source:SMM

Emmanuel Macron won French presidential election. The euro rose at first and then dropped, and the US dollar rebounded.

SHANGHAI, May 8 (SMM) – Emmanuel Macron won French presidential election. The euro rose at first and then dropped, and the US dollar rebounded. Gold prices fell. LME nickel rallied overnight, and will lack ability to rise today, and SHFE 1709 nickel should hover between RMB 75,800-77,200/mt, with spot prices between RMB 74,500-77,800/mt.

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LME nickel prices

SHFE nickel prices

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LME Nickel to Lack Ability to Rise (2017-5-8)

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