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SHFE Nickel to Fall on Wait-and-See Posture (2015-12-17)
Dec 17,2015 10:01CST
price review forecast
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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