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.