Metals News
LME Nickel to Fluctuate at Highs (2017-6-26)
price review forecast
09:13AM
Jun 26,2017
Source:SMM

SHANGHAI, Jun. 26 (SMM) –Markit’s June manufacturing PMI for the US hit the lowest in 9 months, presenting slow economic expansion, leaving the US dollar fluctuating at lows. The Gulf of Mexico was attacked by a hurricane recently, which will affect about 17% of crude oil output and 5% natural gas production in the US. This supported oil prices. Domestic stainless steel plants returned to profitability after prices rallied. LME nickel will hover at highs today, and SHFE 1709 nickel should hover between RMB 74,600~75,700/mt, with spot prices between RMB 74,000-76,600/mt. 

nickel prices
LME nickel prices
SHFE nickel prices
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data