SHANGHAI, Dec. 21 (SMM) – Crude oil prices fell further after US lift oil export ban. LME nickel should fall today.
See forecast for other base metals, please click:Trading to Wane Ahead of Holidays, SMM Says
SHFE 1605 nickel prices are expected to drop to RMB 70,000-71,500/mt today. Traders will sell actively at highs, but downstream buyers will refrain from buying. Shanghai spot nickel should drop to RMB 68,300-69,900/mt.
Key Macroeconomic Indicators for Base Metal Prices (2015-12-21)