LME Nickel to Hold Strong (2017-5-23)

SHANGHAI, May 23 (SMM) – OPEC countries are expected to extend oil production cut, leaving oil prices firm. Eurozone economy continued to improve. LME nickel will hold strong today, and SHFE 1709 nickel should hover between RMB 77,700-78,800/mt, with spot prices between RMB 76,300-78,900/mt.