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Home / Metal News / LME Nickel to Face downward Pressure (2017-5-26)

LME Nickel to Face downward Pressure (2017-5-26)

May 26, 2017 09:55

Source:SMM

Crude oil weakened while the US dollar strengthened.

SHANGHAI, May 26 (SMM) – Crude oil weakened while the US dollar strengthened. The earthquake in the Philippines did not give big impact on nickel ore producing regions significantly. Situations in Mindanao Island will be eyed and may support nickel prices. LME nickel will weaken today, and SHFE 1709 nickel should hover between RMB 74,800-76,000/mt, with spot prices between RMB 73,600-76,300/mt.

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LME nickel prices

SHFE nickel prices

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