SHANGHAI, Dec. 23 (SMM) – Crude oil prices hovered at lows. LME nickel should stabilize today.
See forecast for other base metals, please click: LME Market to See Light Trading ahead of Christmas Holiday, SMM Says
SHFE 1605 nickel prices are expected to move between RMB 69,500-71,000/mt today. Downstream buyers will purchase as needed, and Shanghai spot nickel should fall to RMB 67,700-69,700/mt.