SMM App
AndroidiOS
Holiday Pricing ScheduleFREE TRIALCompliance Centre
gloablLanguage:  language-iconlanguage-iconlanguage-iconlanguage-iconlanguage-icon
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltLithium Battery Cathode Precursor and MaterialAnode MaterialsArtificial GraphiteDiaphragmElectrolyteOther MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
Price CenterDatabaseProReportsEventsCar Insight
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)

iconDec 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

For queries, please contact William Gu at williamgu@smm.cn

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

Related news

SMM Events & Webinars

All
MOST POPULAR
1.Zinc Oxide Project Feasibility Analysis
2.Zinc Recovery Industry Study
3.Feasibility Study Of Investing a Lead-Zinc Ore Mining Smelting Project In Indonesia
4.Zinc Resources Industry Development Research
5.Zinc Industry Value Chain And Related 3 Hot Topics
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.