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Home / Metal News / SHFE Nickel to Fall on Wait-and-See Posture (2015-12-17)

SHFE Nickel to Fall on Wait-and-See Posture (2015-12-17)

Dec 17, 2015 10:01

Source:SMM

The US dollar rose after Fed interest rate increase, and LME nickel saw shorts closing positions.

SHANGHAI, Dec. 17 (SMM) – The US dollar rose after Fed interest rate increase, and LME nickel saw shorts closing positions. LME nickel inventories surged again. LME nickel should face selling pressure.

See forecast for other base metals, please click:No Big Impact on Base Metal Prices from US Rate Hike, SMM Says

SHFE 1605 nickel contract prices will drop to RMB 68,500-70,000/mt today. Downstream buyers will mostly remain cautious. Shanghai spot nickel should climb to RMB 68,000-69,900/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-17)

SHFE nickel prices

nickel prices

LME nickel prices

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Aug 23, 2016 10:25

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SHFE 1701 nickel started at RMB 80,710/mt and then posted gains. During the afternoon business, SHFE 1701 nickel fluctuated at RMB 81,200-81,600/mt and ended at RMB 80,850/mt, down 2.91%.

Aug 15, 2016 17:19

SMM Comments

SHFE Nickel Ends with Losses (2016-8-12)

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SHFE Nickel to Fall on Wait-and-See Posture (2015-12-17)

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