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Home / Metal News / Shanghai Nickel Price to Rise (2015-12-15)

Shanghai Nickel Price to Rise (2015-12-15)

Dec 15, 2015 09:59

Source:SMM

Crude oil prices hit a record low and are still pessimistic. The Fed will hold its policy meeting tonight.

SHANGHAI, Dec. 15 (SMM) – Crude oil prices hit a record low and are still pessimistic. The Fed will hold its policy meeting tonight. LME nickel should fall today with entry of shorts at highs and exodus of longs after profit-taking.

See forecast for other base metals, please click:Diverging Trends to Intensify in Base Metal Market, SMM Says

SHFE 1601 nickel contract prices will move between RMB 67,500-69,000/mt today. Downstream buyers will refrain from buying on rising zinc prices. Spot nickel should rise slightly to RMB 67,700-69,800/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-15)

SHFE nickel prices

LME nickel prices

nickel prices

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Shanghai Spot Nickel Prices to Remain Firm (2016-2-19)

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SHFE Nickel Ends Up 1.66% (Jan. 18, 2016)

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Shanghai Spot Nickel Prices to Rise (2016-1-15)

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Jan 15, 2016 10:13

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SHFE Nickel Up 0.8% (Dec. 31, 2015)

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Shanghai Nickel Price to Rise (2015-12-15)

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