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Home / Metal News / SMM Daily Review - 2012/5/23 Nickel Market

SMM Daily Review - 2012/5/23 Nickel Market

May 24, 2012 09:47

Source:SMM

On Wednesday, mainstream traded prices of Jinchuan nickel were between RMB 126,600-127,000/mt.

SHANGHAI, May 24 (SMM) -- On Wednesday, mainstream traded prices of Jinchuan nickel were between RMB 126,600-127,000/mt, while mainstream Russian nickel prices were between RMB 124,600-124,800/mt. Jinchuan Group lowered prices to RMB 126,500-126,800/mt as LME nickel prices plunged in the afternoon, while Russian nickel prices were lowered to RMB 124,500/mt. Since the EU meeting did not open, the market remained cautious, keeping transactions remained muted.

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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

Indonesia President Re-iterated Bans on Nickel Mineral Exports

According to sources, Indonesian President Jokowi admitted that the ban on raw ore export had not been without challenges, as the European Union (EU) has filed a lawsuit against Indonesia’s nickel ore export ban at the World Trade Organization (WTO).

Mar 2, 2022 15:33

Industry

Indonesia President Re-iterated Bans on Nickel Mineral Exports

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

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

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

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

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

Shanghai base metals basically trended lower amid a cautious market which expected the Fed to wrap up the bond purchasing program early than estimate. Meanwhile, their counterparts on LME mostly closed in the positive zone.

Dec 14, 2021 10:00

SMM Comments

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

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

Shanghai base metals basically trended higher on Friday morning. Meanwhile, their counterparts on LME trended mixed.

Dec 10, 2021 10:00

SMM Comments

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

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

DMCI Holdings Inc said on Wednesday that its Berong nickel mine in the Philippines is expected to run out of resources before the end of the year, and the mine will be decommissioned and repaired.

Dec 1, 2021 17:23

Industry

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

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

GEM stated that the main key equipment of the company's nickel resource project will be officially shipped to Indonesia and completed in mid-May 2021.

Nov 30, 2021 10:57

Analysis

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

Minmetals to Step up Zinc, Nickel and Copper Exploration Overseas

China’s Minmetals will accelerate construction of copper, zinc and nickel base overseas after restructuring with the Metallurgical Corporation of China Ltd. (MCC), hexun.com reports.

Jun 3, 2016 13:46

Industry Reminder

SHFE 1507 Nickel Ends at RMB 101,020/mt (Apr. 29, 2015)

The most active SHFE 1507 nickel opened Tuesday’s evening session at RMB 102,490/mt and then hit a high of RMB 104,390/mt, near Monday evening’s highest price.

Apr 29, 2015 17:23

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SMM Daily Review - 2012/5/23 Nickel Market

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