Home / Metal News / Nickel / LME Nickel to Fluctuate at Highs (2017-8-11)
LME Nickel to Fluctuate at Highs (2017-8-11)
Aug 11,2017 09:39CST
price review forecast
Source:SMM
China’s July PPI was weaker than expected, falling for the first time over the past year, leaving the US dollar index sluggish.

SHANGHAI, Aug. 11 (SMM) – China’s July PPI was weaker than expected, falling for the first time over the past year, leaving the US dollar index sluggish. Oil output by OPEC countries in July hit the highest for the year. Russian mulls over output growth, weighing down oil prices by about 2%. Fundamentals were positive. Inventories in domestic nickel industry chain are low. LME nickel will fluctuate at highs today, and SHFE 1801 nickel should hover between RMB 88,000-89,500/mt, with spot prices between RMB 86,500-88,200/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 news