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LME Nickel to Fluctuate at Current Level (2017-6-1)
Jun 1,2017 09:30CST
Source:SMM
China’s liquidity will remain tight. API crude oil inventories in the US for the week ending May 26 dropped most significantly from September 2016, leaving NYMEX oil prices strong.

SHANGHAI, Jun. 1 (SMM) – China’s liquidity will remain tight. API crude oil inventories in the US for the week ending May 26 dropped most significantly from September 2016, leaving NYMEX oil prices strong. LME nickel will stay range-bound today, and SHFE 1709 nickel should hover between RMB 72,700-74,000/mt, with spot prices between RMB 72,000-74,500/mt. 

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