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Home / Metal News / LME Nickel to Remain Strong (2017-9-29)

LME Nickel to Remain Strong (2017-9-29)

iconSep 29, 2017 09:41
Source:SMM
Base metals rose due to expectations that China’s economy is growing steadily and progress of US tax reform.

SHANGHAI, Sept. 29 (SMM) – Base metals rose due to expectations that China’s economy is growing steadily and progress of US tax reform. Gold edged up overnight. It was reported Tsingshan Group entered trial production at the plate caster of its second 1 million mt per annum of stainless steel project in Indonesia, boding well for nickel price. LME nickel will remain strong today. SHFE 1801 nickel will fluctuate between RMB 84,300-85,600/mt today, with spot prices between RMB 84,400-86,300/mt. 

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