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.
![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)

