Shanghai Nickel Prices to Climb (2015-12-30)

SHANGHAI, Dec. 30 (SMM) – Crude oil prices snapped back, boosting LME nickel prices are expected to remain range-bound today.

See forecast for other base metals, please click:Diverging Trends Expected in Base Metal Market, SMM Says

SHFE 1605 nickel prices are expected to fluctuate between RMB 69,000-71,000/mt today. Downstream buyers will stay on the sidelines, and Shanghai spot nickel should rise to RMB 67,500-69,800/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-30)