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Nickel Prices to Fluctuate at Lows (2017-8-16)
Aug 16, 2017 09:34Source:SMM
US retail sales topped market expectations, posting the biggest growth from December 2016, driving up the US dollar.
SHANGHAI, Aug. 16 (SMM) – US retail sales topped market expectations, posting the biggest growth from December 2016, driving up the US dollar. China’s M2 supply declined sharply in July. Nickel prices will hover at lows today. LME nickel will fluctuate around USD 10,300/mt today, and SHFE 1801 nickel should hover between RMB 84,000-85,200/mt, with spot prices between RMB 82,500-84,500/mt.
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