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.