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Home / Metal News / LME Nickel to Hover at Highs (2017-8-2)

LME Nickel to Hover at Highs (2017-8-2)

Aug 2, 2017 09:35

Source:SMM

The US dollar hovered at lows. Crude oil stabilized this morning after plunging overnight.

SHANGHAI, Aug. 2 (SMM) – The US dollar hovered at lows. Crude oil stabilized this morning after plunging overnight. The market is absorbing news that Indonesia approves new nickel ore export quotas. LME nickel will move at highs today, and SHFE 1709 nickel should hover between RMB 82,000-83,200/mt, with spot prices between RMB 82,000-84,000/mt. ADP umployment data for the US in July are due for release this evening.

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