Nickel Prices Under Pressure As US Fed’s June Meeting Sends Hawkish Signal

Published: Jul 6, 2023 09:51

Source: SMM

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SHANGHAI, Jul 6 (SMM) – The minutes of the US Fed’s June meeting suggests further tightening monetary policy.

SHANGHAI, Jul 6 (SMM) – The minutes of the US Fed’s June meeting suggests further tightening monetary policy. From a fundamentals point of view, according to SMM research, spot premiums in the domestic nickel market continued to decline yesterday. High nickel prices suppressed purchasing interest. It is expected that nickel prices will move sideways, with downward pressure.

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