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LME Nickel to Remain Weak (2017-6-9)
Jun 9, 2017 09:49NYMEX oil weakened further.
SHANGHAI, Jun. 9 (SMM) – NYMEX oil weakened further. UK’s conservative party failed to win the majority in exit polls, pushing down the pound by 2%. US President Trump said this morning infrastructure construction will accelerate like a rocket, leaving the US dollar strong. LME nickel will fluctuate at lows today, and SHFE 1709 nickel should hover between RMB 72,000-73,100/mt, with spot prices between RMB 71,400-73,800/mt.
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