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LME Nickel to Test USD 8,000/mt (2015-11-24)
Nov 24, 2015 09:55Source:SMM
LME nickel prices hit a record low overnight as a large number of longs closed positions after profit-taking, and will test USD 8,000/mt today.
SHANGHAI, Nov. 24 (SMM) – LME nickel prices hit a record low overnight as a large number of longs closed positions after profit-taking, and will test USD 8,000/mt today.
See forecast for other base metals, please click: Shanghai Zinc and Lead to Outperform Others, SMM Says
SHFE 1601 nickel contract prices will hover between RMB 63,500-64,500/mt today. Spot zinc prices in Shanghai should drop to RMB 62,700-64,000/mt.
Key Macroeconomic Indicators for Base Metal Prices (2015-11-24)
LME nickel prices
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