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Home / Metal News / SMM Daily Review - 2012/5/18 Nickel Market

SMM Daily Review - 2012/5/18 Nickel Market

May 21, 2012 09:20

Source:SMM

Last Friday, mainstream traded prices of Jinchuan nickel were between RMB 126,800-127,000/mt, while mainstream Russian nickel prices were between RMB 124,600-124,800/mt.

SHANGHAI, May 21 (SMM) -- Last Friday, mainstream traded prices of Jinchuan nickel were between RMB 126,800-127,000/mt, while mainstream Russian nickel prices were between RMB 124,600-124,800/mt. Spot nickel prices were close to the previous day, and the Shanghai/LME nickel price ratio continued to drop. Downstream buying interest improved due to low prices, causing transactions to improve.

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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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SMM Comments

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

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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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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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SMM Daily Review - 2012/5/18 Nickel Market

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