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LME Nickel to Remain at Current Level (2017-5-18)
May 18,2017 09:43CST
price review forecast
Source:SMM
Risk aversion is still thick. The US dollar remained low.

SHANGHAI, May 18 (SMM) – Risk aversion is still thick. The US dollar remained low. Philippine new environmental minister said some mines that have been shut down will be allowed to restart after examination. After big declines overnight, LME nickel will experience corrections. SHFE 1709 nickel should hover between RMB 74,000-75,500/mt, with spot prices between RMB 73,500-76,800/mt. 

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