0242 GMT - Iron ore is lower in early Asian trading. Prices are likely to stay range-bound in the near term with both demand and supply being relatively weak, Nanhua Futures analysts say in a note. Given stretched valuations, any momentum for an upside may be limited, they add. The most-traded iron-ore contract on the Dalian Commodity Exchange is down 0.5% at 808.0 yuan a ton. (tracy.qu@wsj.com)
--
Nickel Falls Amid Supply Concerns -- Market Talk
0134 GMT - Nickel falls in early Asian trade, as new supply issues have emerged due to the Middle East disruption, ANZ Research commodity strategists say in a report. The Middle East accounts for nearly 50% of the global sulphur trade. Higher sulphur rates will push up the cost curve and affect nickel sulphate production, ANZ says. The three-month nickel contract on the London Metal Exchange is 0.3% lower at $18,435.00 a ton. (amanda.lee@wsj.com)
Write to Barcelona Editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
05-18-26 1044ET
