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Shanghai Nickel Price to Hover at RMB 68,300-71,000/mt (2015-12-7)
Dec 7,2015 10:27CST
price review forecast
Source:SMM
The US dollar is expected to rise today, while nickel inventories continue to fall. LME nickel prices are expected to remain range-bound today.

SHANGHAI, Dec. 7 (SMM) – The US dollar is expected to rise today due to the upbeat non-farm employment data in the US. Nickel inventories continue to fall. LME nickel prices are expected to remain range-bound today.  

See forecast for other base metals, please click:Volatility at Lows to Grow in Base Metal Prices This Week, SMM Says

SHFE 1601 nickel contract prices will move between RMB 68,300-71,000/mt today, with downstream buyers purchasing as needed. Spot zinc prices in Shanghai should edge up to RMB 68,000-70,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-7)


nickel prices
SHFE nickel prices
LME nickel prices

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