Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / SMM Daily Review - 2012/6/1 Nickel Market

SMM Daily Review - 2012/6/1 Nickel Market

Jun 4, 2012 09:44

Source:SMM

Last Friday, Jinchuan Group lowered nickel prices to RMB 124,000/mt to due to weak demand, despite LME nickel prices rose.

SHANGHAI, Jun. 4 (SMM) -- Last Friday, Jinchuan Group lowered nickel prices to RMB 124,000/mt to due to weak demand, despite LME nickel prices rose, while mainstream Russian nickel prices were also lowered to RMB 121,400-121,500/mt. Downstream buying interest improved. But as the market was cautious ahead of the released of US non-farm data, the overall transactions were muted.

nickel

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

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

SMM Comments

SMM Events & Webinars

All

Oct
20
- Li-ION BATTERY China
  Oct 20 - 21,2025
  Xiamen, China
Oct
20
- APAC (10th) Stainless Steel Industry Conference 2025
  Oct 20 - 21,2025
  Xiamen, China
Oct
22
- 2025 15th APAC TIN INDUSTRY CONFERENCE
  Oct 22 - 24,2025
  The 2025 Tin Industry Annual Conference will focus on "Opportunities and Challenges in a New Era.
  Yunnan · Gejiu

SMM Daily Review - 2012/6/1 Nickel Market

SMM Events & Webinars

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE