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LME Nickel to Fluctuate Narrowly (2017-10-20)
Oct 20, 2017 09:39Source:SMM
China’s Q3 GDP slowed to 6.8%, and value-added at large industrials accelerated in September.
SHANGHAI, Oct. 20 (SMM) – China’s Q3 GDP slowed to 6.8%, and value-added at large industrials accelerated in September. September consumer goods retail sales topped market expectations. Fixed-asset investment in cities and towns fell short of market expectations during January-September. Trump may be inclined to nominate Powell for the Fed, positively affecting gold prices. The US dollar plummeted, while the Chinese yuan rose. LME nickel will remain range-bound today. SHFE 1801 nickel will fluctuate between RMB 93,600-94,800/mt today, with spot prices between RMB 93,800-94,800/mt.
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