LME Nickel to Fluctuate at Lows (2017-6-21)-Shanghai Metals Market

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LME Nickel to Fluctuate at Lows (2017-6-21)

Price Review & Forecast 09:24:57AM Jun 21, 2017 Source:SMM

SHANGHAI, Jun. 21 (SMM) – The US dollar moved at highs. Nigeria, Libya and Iraq are expected to grow output, weighing down NYMEX August oil to USD 42.94/bbl. LME nickel will consolidate at lows today, and SHFE 1709 nickel should hover between RMB 72,900-74,100/mt, with spot prices between RMB 72,250-74,700/mt. 

LME Nickel to Fluctuate at Lows (2017-6-21)

Price Review & Forecast 09:24:57AM Jun 21, 2017 Source:SMM

SHANGHAI, Jun. 21 (SMM) – The US dollar moved at highs. Nigeria, Libya and Iraq are expected to grow output, weighing down NYMEX August oil to USD 42.94/bbl. LME nickel will consolidate at lows today, and SHFE 1709 nickel should hover between RMB 72,900-74,100/mt, with spot prices between RMB 72,250-74,700/mt.