Friday, 5 July 2019

Nickel Prices Traded In Range Following News That The United States And China

Nickel trading range for the day is 870.6-889.4.

Nickel prices traded in range following news that the United States and China are set to hold trade talks next week.

Top U.S. and Chinese representatives are arranging to talk again next week, U.S. administration officials said.

Recent data from multiple sectors pointed to slowing economic growth in the United States, bolstering the prospect of rate cuts by the Federal Reserve.

Warehouse stock for Nickel at LME was at 157386mt that is down by -906mt.

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