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Home / Metal News / SMM Daily Review - 2012/3/28 Nickel Market

SMM Daily Review - 2012/3/28 Nickel Market

Mar 29, 2012 09:04

Source:SMM

In the Shanghai nickel market, mainstream traded prices of Jinchuan nickel were between RMB 132,000-132,500/mt, and RMB 131,300-131,500/mt for Russian nickel.

SHANGHAI, Mar. 29 (SMM) -- In the Shanghai nickel market, mainstream traded prices of Jinchuan nickel were between RMB 132,000-132,500/mt, and RMB 131,300-131,500/mt for Russian nickel. In the afternoon business, domestic spot nickel prices were little changed as LME nickel prices kept fluctuating. Market trading was cautious given previous day’s plunge in LME nickel prices, with trading volumes remaining limited.

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nickel price

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The Lisbon-based International Nickel Study Group (INSG) released data on Monday March 21, showing that in January 2022, the global nickel market was oversupplied by 6,000 mt, while there was a supply shortage of 5,300 mt in the same period last year.

Mar 22, 2022 11:37

Analysis

INSG：Global Nickel Market was Oversupplied by 6,000 mt In January 2022

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Industry

Indonesia President Re-iterated Bans on Nickel Mineral Exports

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Shanghai nonferrous metals mostly closed in the positive territory as the market was cheered up by the macro front, as China released its December official manufacturing and non-manufacturing PMI readings, which topped market expectation.

Dec 31, 2021 19:00

SMM Comments

SMM Evening Comments (Dec 31): Shanghai Nonferrous Metals Mostly Closed with Gains amid Encouraging China PMI for December

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CATARC Co. recently released the "2021 Energy-saving and New Energy Vehicle Development Report."

Dec 31, 2021 13:31

Analysis

BHP Billiton: Demand for Primary Nickel by Battery Industry to Grow over 500% in 2020-2030

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Dec 14, 2021 10:00

SMM Comments

SMM Morning Comments (Dec 14): Shanghai Base Metals Basically Trended Lower amid A Cautious Market

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Dec 10, 2021 10:00

SMM Comments

SMM Morning Comments (Dec 10): Base Metals Fell across the Board amid Stronger Risk Aversion Sentiments

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Dec 1, 2021 17:23

Industry

A Philippine Nickel Mine Will be Decommissioned in End-2021, Global Nickel Supply May Tighten Further

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Nov 30, 2021 10:57

Analysis

GEM Plans to Commission Nickel Resource Project in Indonesia in Early 2022

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Global nickel market was in a shortage of 35,300 tonnes during the first four months of 2017, according to the World Bureau of Metal Statistics (WBMS).

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Industry Reminder

WBMS: Global Nickel Market Faces Supply Shortage in January-April 2017

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SMM Daily Review - 2012/3/28 Nickel Market

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