Non-ferrous

Non-ferrous
Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

New Energy
Price CenterDatabaseProReportsEventsCar Insight
SHANGHAI, Jan. 12 (SMM) – Glencore filed for bankruptcy at its US company. Offshore yuan surged, while crude oil prices dropped. LME nickel is expected to fall to previous low today.
See forecast for other base metals, please click:Price Weakness to Continue in Shanghai Market, SMM Says
SHFE 1605 nickel prices should drop to RMB 66,000-67,500/mt. Downstream buyers will mainly took a wait-and-see attitude, and Shanghai spot nickel should fall to RMB 64,700-66,300/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-1-12)
For queries, please contact William Gu at williamgu@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn