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Home / Metal News / LME Nickel Prices to Fluctuate at Lows (2017-9-19)

LME Nickel Prices to Fluctuate at Lows (2017-9-19)

Sep 19, 2017 09:23

Source:SMM

China’s liquidity tightened. Indonesian mining companies continue to apply for new export quotas, with nickel ore supply expected to be sufficient this year.

SHANGHAI, Sept. 19 (SMM) – China’s liquidity tightened. Indonesian mining companies continue to apply for new export quotas, with nickel ore supply expected to be sufficient this year. Stainless steel sales declined, and may add to inventory. LME nickel is expected to look for support from the 40-day moving average today. SHFE 1801 nickel should hover between RMB 87,800-89,100/mt today, with spot prices between RMB 87,900-88,900/mt.

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