Home / Metal News / LME Nickel to Hold Strong (2017-5-23)

LME Nickel to Hold Strong (2017-5-23)

iconMay 23, 2017 09:35
OPEC countries are expected to extend oil production cut, leaving oil prices firm. Eurozone economy continued to improve.

SHANGHAI, May 23 (SMM) – OPEC countries are expected to extend oil production cut, leaving oil prices firm. Eurozone economy continued to improve. LME nickel will hold strong today, and SHFE 1709 nickel should hover between RMB 77,700-78,800/mt, with spot prices between RMB 76,300-78,900/mt. 

nickel prices
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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news