Shanghai Nickel Price to Hover at RMB 68,000-70,000/mt (2015-12-8)

Published: Dec 8, 2015 10:06

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Base metals prices fell on slumping crude oil prices, and the US dollar strengthened.

SHANGHAI, Dec. 8 (SMM) – Base metals prices fell on slumping crude oil prices, and the US dollar strengthened. LME nickel prices are expected to remain weak today on rising short momentum.

See forecast for other base metals, please click:Shanghai Base Metal Prices to Stay Weak, SMM Says

SHFE 1601 nickel contract prices will move between RMB 68,000-70,000/mt today, with downstream buyers purchasing at lows. Spot zinc prices in Shanghai should drop to RMB 67,000-69,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-8)

base metals prices SHFE nickel prices LME nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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