SHANGHAI, Jul. 18 (SMM) – China’s major economic indicators are upbeat. The US dollar weakened, and crude oil stabilized at lows. Fundamentals are largely unchanged for nickel. LME nickel will hover at highs today and any upward momentum will weaken. SHFE 1709 nickel should hover between RMB 78,50-80,000/mt, with spot prices between RMB 78,000-80,800/mt.