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Shanghai Nickel to Edge Down (2015-12-21)
Dec 21,2015 10:05CST
price review forecast
Source:SMM
Crude oil prices fell further after US lift oil export ban. LME nickel should fall today.

SHANGHAI, Dec. 21 (SMM) – Crude oil prices fell further after US lift oil export ban. LME nickel should fall today.

See forecast for other base metals, please click:Trading to Wane Ahead of Holidays, SMM Says

SHFE 1605 nickel prices are expected to drop to RMB 70,000-71,500/mt today. Traders will sell actively at highs, but downstream buyers will refrain from buying. Shanghai spot nickel should drop to RMB 68,300-69,900/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-21)


SHFE nickel prices
LME nickel prices

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