Shanghai Nickel to Edge Up (2015-12-22)

Published: Dec 22, 2015 09:51

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Negative news has been absorbed. Both longs and shorts will be cautious ahead of the Christmas holiday.

SHANGHAI, Dec. 22 (SMM) – Negative news has been absorbed. Both longs and shorts will be cautious ahead of the Christmas holiday. Gold prices rebounded. LME nickel should strengthen today.

See forecast for other base metals, please click:Shanghai Base Metal Price to Rise, with Stronger Tin, SMM Says

SHFE 1605 nickel prices are expected to rise to RMB 70,000-72,200/mt today. Demand will soften on higher prices. Shanghai spot nickel should climb to RMB 68,800-70,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-22)

LME nickel prices SHFE nickel prices

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