Shanghai Nickel Price to Hover at RMB 68,500-71,000/mt (2015-12-3)

Published: Dec 3, 2015 09:40

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The US dollar surged overnight. Chinese #200 stainless steel plants announced output cut. LME nickel prices are expected to consolidate today.

SHANGHAI, Dec. 3 (SMM) – The US dollar surged overnight. Chinese #200 stainless steel plants announced output cut. LME nickel prices are expected to consolidate today.

See forecast for other base metals, please click:Volatility up in Base Metal Market on Sensitive News, SMM Says

SHFE 1601 nickel contract prices will move between RMB 68,500-71,000/mt today. Spot zinc prices in Shanghai should stabilize at RMB 68,500-70,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-3)

nickel prices SHFE nickel prices LME nickel prices

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

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