LME Nickel to Remain Weak (2017-6-9)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Zinc
  • Production data
  • Market commentary
  • Macroeconomics
  • Morning comments
  • Futures movement
  • NPI
  • Copper
  • Aluminium
  • Nickel
  • Nickel ore
  • In the United States
  • trade negotiations
  • nickel laterite

LME Nickel to Remain Weak (2017-6-9)

Price Review & Forecast 09:49:13AM Jun 09, 2017 Source:SMM

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. 

LME Nickel to Remain Weak (2017-6-9)

Price Review & Forecast 09:49:13AM Jun 09, 2017 Source:SMM

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.