Shanghai Nickel Prices to Fall (2015-12-23)

Published: Dec 23, 2015 09:57

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Crude oil prices hovered at lows. LME nickel should stabilize today.

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.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-23)

Nickel SHFE nickel prices LME nickel prices nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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