Shanghai Nickel Prices to Hold Stable (2015-12-28)

Published: Dec 28, 2015 09:45

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Value added at Chinese large industrials fell 1.4% in November. The LME market remained closed today due to the Christmas holiday.

SHANGHAI, Dec. 28 (SMM) – Value added at Chinese large industrials fell 1.4% in November. The LME market remained closed today due to the Christmas holiday.

See forecast for other base metals, please click:Base Metals to See Light Trading in Pre-holiday Week, with Firm Prices, SMM Says

SHFE 1605 nickel prices are expected to move between RMB 68,800-69,500/mt today. Downstream buyers will mostly take a wait-and-see attitude, and Shanghai spot nickel should stabilize at RMB 66,800-68,900/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-28)

SHFE nickel prices LME nickel prices

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