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

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

Dec 3, 2015 09:40

Source:SMM

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

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

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