SHANGHAI, Dec. 9 (SMM) – Weak crude oil prices drag down base metals. LME nickel prices are expected to remain low today.
See forecast for other base metals, please click:Shanghai Base Metal Prices to Diverge, Eying on China Data, SMM Says
SHFE 1601 nickel contract prices will move between RMB 66,500-69,000/mt today, with downstream buyers entering the market. Spot zinc prices in Shanghai should drop to RMB 66,900-68,700/mt.