LME Prices to Fluctuate at Highs (2017-8-17)-Shanghai Metals Market

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LME Prices to Fluctuate at Highs (2017-8-17)

Price Review & Forecast 09:24:32AM Aug 17, 2017 Source:SMM

SHANGHAI, Aug. 17 (SMM) – US Fed official reached agreement on balance sheet cuts this year but are split on whether to hike interest rate before year-end. Gold rose, and yuan appreciated overnight. LME nickel will fluctuate at highs today, and SHFE 1801 nickel should hover between RMB 87,000-88,600/mt, with spot prices between RMB 85,800-87,400/mt.  

LME Prices to Fluctuate at Highs (2017-8-17)

Price Review & Forecast 09:24:32AM Aug 17, 2017 Source:SMM

SHANGHAI, Aug. 17 (SMM) – US Fed official reached agreement on balance sheet cuts this year but are split on whether to hike interest rate before year-end. Gold rose, and yuan appreciated overnight. LME nickel will fluctuate at highs today, and SHFE 1801 nickel should hover between RMB 87,000-88,600/mt, with spot prices between RMB 85,800-87,400/mt.