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Home / Metal News / LME Nickel to Rise Further (2015-11-27)

LME Nickel to Rise Further (2015-11-27)

iconNov 27, 2015 09:40
LME nickel prices are expected to rise further today. The meeting of nickel companies headed by Jinchuan Group will be held today.

SHANGHAI, Nov. 27 (SMM) – LME nickel prices are expected to rise further today. The meeting of nickel companies headed by Jinchuan Group will be held today.

See forecast for other base metals, please click:Short-Covering Strength to Wane, with Aluminum and Nickel Stronger, SMM Says

SHFE 1601 nickel contract prices will hover between RMB 70,000-73,000/mt today. Traders will sell actively as Jinchuan Group moves goods. Spot zinc prices in Shanghai should rebound to RMB 70,000-71,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-11-27)


LME nickel prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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