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.