Shanghai Nickel Price to Inch Down (2015-12-11)

Published: Dec 11, 2015 10:47

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The market expects China’s yuan to depreciate further. LME nickel will fall further today.

SHANGHAI, Dec. 11 (SMM) – The market expects China’s yuan to depreciate further. LME nickel will fall further today.

See forecast for other base metals, please click: Shanghai Base Metal Prices to Diverge, with Lead Prices Stronger, SMM Says

SHFE 1601 nickel contract prices will move between RMB 65,000-68,000/mt today. Investors will take a wait-and-see attitude ahead of the weekend. Spot nickel prices in Shanghai should drop to RMB 65,800-67,800/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-11)

LME nickel prices SHFE nickel prices

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