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Shanghai Nickel Prices to Hold Stable (2015-12-25)
Dec 25,2015 09:25
CSTprice review forecast
Source:SMM
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
For queries, please contact Frank LIU at liuxiaolei@smm.cn
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