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Home / Metal News / LME Nickel to Strengthen (2017-5-15)

LME Nickel to Strengthen (2017-5-15)

May 15, 2017 09:24

Source:SMM

The Belt & Road strategy will positively affect infrastructure construction.

SHANGHAI, May 15 (SMM) – The Belt & Road strategy will positively affect infrastructure construction. The market is optimistic. LME nickel should strengthen today, and SHFE 1709 nickel should hover between RMB 76,700-78,100/mt, with spot prices between RMB 75,600-79,000/mt.

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LME nickel prices

SHFE nickel prices

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SHFE 1709 nickel opened at RMB 76,500/mt today, and inched down to RMB 76,400/mt as longs exited the market with profit-taking.

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