The local prices are expected to be released soon, stay tuned!
Got it
+86 021 5155-0306
Language:  

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

  • Jul 06, 2023, at 9:51 am
  • SMM
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.


More popular news


Daily LME Base Metals Inventory Changes


Daily Updates on SHFE Base Metals and Stainless Steel Warrants, With Nickel Critically Low



China's June Official Manufacturing PMI Contradicts Caixin PMI



China To Impose Controls On Exports Of Gallium And Germanium



Chief Economist At S&P Global Market Intelligence Warns Of US Recession In H2 2023, US ISM Manufacturing PMI Unexpectedly Hits More Than Three-Year Low In June 

 

 

  • Industry
  • Nickel
Live chat via WhatsApp
Help us know your opinions in 1minutes.