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Shanghai Nickel Prices to Climb (2015-12-30)
Dec 30, 2015 09:57Source:SMM
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
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