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.