LME Nickel to Fluctuate at Highs (2017-6-20)

Published: Jun 20, 2017 09:38

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The People’s Bank of China executed RMB 120 billion in reverse repurchase on Monday, with both stocks and bond rising.

SHANGHAI, Jun. 20 (SMM) – The People’s Bank of China executed RMB 120 billion in reverse repurchase on Monday, with both stocks and bond rising. Prices for domestic NPI and stainless steel rallied, incentivizing production at stainless steel plants.LME nickel will consolidate at highs today, and SHFE 1709 nickel should hover between RMB 73,900-75,200/mt, with spot prices between RMB 73,200-75,800/mt.

nickel prices LME nickel prices SHFE nickel prices

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