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Home / Metal News / Shanghai Nickel Prices to Hold Stable (2015-12-25)

Shanghai Nickel Prices to Hold Stable (2015-12-25)

Dec 25, 2015 09:25

The LME market is closed today due to the Christmas holiday.

SHANGHAI, Dec. 25 (SMM) – The LME market is closed today due to the Christmas holiday.

See forecast for other base metals, please click:Shanghai to See Base Metal Price Rising Year-End, SMM Says

SHFE 1605 nickel prices are expected to rise to the 20-day moving average, and move between RMB 69,000-70,000/mt today. Downstream buyers will mostly take a wait-and-see attitude, and Shanghai spot nickel should stabilize at RMB 67,000-69,200/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-25)

SHFE nickel prices

LME nickel prices

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

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Shanghai Nickel Prices to Hold Stable (2015-12-25)

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