Friday, 14 June 2019

Nickel Prices Rallied Amid Concerns About Delayed Shipments

Nickel trading range for the day is 851.8-892.8.

Nickel prices rallied amid concerns about delayed shipments of nickel ore on Indonesia floods.

Investors took heart from China's move to ease financing rules to boost local government spending on public works, and a possible cut in U.S. interest rates.

Nickel inventories across SHFE-approved warehouses expanded 4,935 mt on June 13, and this grew uncertainties around prices.

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