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Home / Metal News / Shanghai Nickel Price to Hover at RMB 67,500-69,100/mt (2015-12-4)

Shanghai Nickel Price to Hover at RMB 67,500-69,100/mt (2015-12-4)

Dec 4, 2015 09:49

Source:SMM

The US dollar is expected to rise today, but nickel market will see longs leave the market.

SHANGHAI, Dec. 3 (SMM) – The US dollar is expected to rise today, but nickel market will see longs leave the market. There will be more output cut news in China. LME nickel prices are expected to fall today.

See forecast for other base metals, please click:Markets Stay Cautious ahead of US Non-farm Data after Drama Night, SMM Says

SHFE 1601 nickel contract prices will move between RMB 67,500-69,100/mt today. Spot zinc prices in Shanghai should drop to RMB 67,200-69,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-4)

SHFE nickel prices

LME nickel prices

nickel prices

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Shanghai Nickel Price to Hover at RMB 67,500-69,100/mt (2015-12-4)

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