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Home / Metal News / LME Nickel to Move at Highs (2017-5-22)

LME Nickel to Move at Highs (2017-5-22)

iconMay 22, 2017 09:25
Fed officials are split on rate hike in June due to US political scandal, weighing on the US dollar.

SHANGHAI, May 22 (SMM) – Fed officials are split on rate hike in June due to US political scandal, weighing on the US dollar. All OPEC countries agreed to extend oil production cut, leaving oil prices high. SHFE 1709 nickel should hover between RMB 77,200-79,000/mt, with spot prices between RMB 76,000-79,400/mt. 

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LME nickel prices
SHFE nickel prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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