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LME Nickel to Weaken (2017-5-25)
May 25,2017 09:43CST
price review forecast
Source:SMM
Fed’s meeting minutes disclosed it may raise rate soon.

SHANGHAI, May 25 (SMM) – Fed’s meeting minutes disclosed it may raise rate soon. But the committee members think it wise to wait for additional evidence to prove economic downshift is only temporary before removing easy policy. This weighed down the US dollar. OPEC meeting result will be eyed today. China’s trust, loans and debt issue were tightened, restricting financing in the real estate market. LME nickel will weaken today, and SHFE 1709 nickel should hover between RMB 75,200-76,500/mt, with spot prices between RMB 74,300-76,800/mt. 

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