Home / Metal News / Shanghai Nickel Price to Inch Down (2015-12-11)

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

iconDec 11, 2015 10:47
Source:SMM
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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All