LME Nickel to Fluctuate Weakly (2017-5-11)

SHANGHAI, May 11 (SMM) – European Central Bank President Mario Dragi will maintain easy monetary policy. Philippines President said the government will not abolish existing mining laws but hopes to execute the law more strictly. The market is doubtful about the strictness of environmental protection this year since the new Environment minister did not have any contributions to natural resources protection.LME nickel should hover at lows today, and SHFE 1709 nickel should hover between RMB 75,300-77,000元/mt, with spot prices between RMB 74,000-77,300/mt.