LME Nickel to Stay at Current Level (2017-6-6)-Shanghai Metals Market

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LME Nickel to Stay at Current Level (2017-6-6)

Price Review & Forecast 09:40:46AM Jun 06, 2017 Source:SMM

SHANGHAI, Jun. 6 (SMM) – Geopolitical issue and UK’s terrorist attack grew risk aversion, driving up gold. The US dollar weakened. China’s new credit loans slid in May. when combined with strict supervision, domestic capital will remain tight. LME nickel will remain at current level today, and SHFE 1709 nickel should hover between RMB 72,400-73,600/mt, with spot prices between RMB 71,400-74,100/mt. 

LME Nickel to Stay at Current Level (2017-6-6)

Price Review & Forecast 09:40:46AM Jun 06, 2017 Source:SMM

SHANGHAI, Jun. 6 (SMM) – Geopolitical issue and UK’s terrorist attack grew risk aversion, driving up gold. The US dollar weakened. China’s new credit loans slid in May. when combined with strict supervision, domestic capital will remain tight. LME nickel will remain at current level today, and SHFE 1709 nickel should hover between RMB 72,400-73,600/mt, with spot prices between RMB 71,400-74,100/mt.