LME Nickel to Fluctuate at Highs (2017-6-12)

Published: Jun 12, 2017 09:52

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Brexit will face great uncertainties as Theresa May failed to gain a majority.

SHANGHAI, Jun. 12 (SMM) – Brexit will face great uncertainties as Theresa May failed to gain a majority. The US dollar index strengthened. The People’s Bank of China (PBOC) released signals that it will act to stabilize the market. News for oil market was mixed. Chinese stainless steel plants reported lower cost, but downstream demand remains soft. LME nickel will fluctuate at highs today, and SHFE 1709 nickel should hover between RMB 73,000-74,200/mt, with spot prices between RMB 72,100-73,800/mt.

nickel prices LME nickel prices SHFE nickel prices

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