Shanghai Nickel Prices to Climb (2015-12-30)

Published: Dec 30, 2015 09:57

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Crude oil prices snapped back, boosting LME nickel prices are expected to remain range-bound today.

SHANGHAI, Dec. 30 (SMM) – Crude oil prices snapped back, boosting LME nickel prices are expected to remain range-bound today.

See forecast for other base metals, please click:Diverging Trends Expected in Base Metal Market, SMM Says

SHFE 1605 nickel prices are expected to fluctuate between RMB 69,000-71,000/mt today. Downstream buyers will stay on the sidelines, and Shanghai spot nickel should rise to RMB 67,500-69,800/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-30)

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 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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