Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
Language: 
[Ni] SMM Morning Review - 2009/10/21 Nickel Market
Dec 7, 2009 13:16Source:SMM
SHANGHAI, Oct. 21 (SMM) -- LME nickel prices opened at USD 19,275/mt, with the highest price of USD 19,425/mt and the lowest price of USD 18,824/mt, and closed at USD 18,875/mt. The trading volume was 1,065 lots.
The US Labor Department released on Tuesday that the producer price index (PPI) in September fell by 0.6% on a monthly basis, flat with previous market forecast. The US Department of Commerce released on Tuesday that the housing data was lower than expected. The housing starts in September were 590,000 units, while the previous market forecast was 610,000 units. The negative US economic data released yesterday dragged down the US stocks and drove up the US dollar index, which weighed on base metal prices, and base metal prices plunged after surged as a result.
LME nickel prices will continue to fluctuate on the high levels today, with the moving range of USD 18,600-19,200/mt.
Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040
CBI China CBMB
Market movement
nickel Ni
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
SMM Events & Webinars
All- Oct20
Li-ION BATTERY China
Oct 20 - 21,2025Xiamen, China
- Oct20
APAC (10th) Stainless Steel Industry Conference 2025
Oct 20 - 21,2025Xiamen, China
- Oct22
2025 15th APAC TIN INDUSTRY CONFERENCE
Oct 22 - 24,2025The 2025 Tin Industry Annual Conference will focus on "Opportunities and Challenges in a New Era.Yunnan · Gejiu
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
