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LME Nickel to See Range-Bound Trading (2017-5-15)
May 16, 2017 09:35Source:SMM
China, Saudi Arabia and Russia support prolonging oil cut agreement to 2018.
SHANGHAI, May 15 (SMM) – China, Saudi Arabia and Russia support prolonging oil cut agreement to 2018. NYMEX oil prices strengthened. LME nickel should stay range-bound today, and SHFE 1709 nickel should hover between RMB 76,100-77,300/mt, with spot prices between RMB 74,600-77,800/mt.
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