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

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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