SHANGHAI, Jan. 15 (SMM) – Risk appetite improved after negative news was absorbed. Gold prices slumped while stock markets soared. LME nickel is expected to fall today.
See forecast for other base metals, please click:Price Gains to Continue in Shanghai Market, SMM Says
SHFE 1605 nickel prices should shed gains and move between RMB 67,000-70,000/mt. Shanghai spot nickel should rise to RMB 67,000-69,000/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-1-15)