Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
DashboardDatabaseProReportsEventsCar Insight
Download our mobile app to
your devices
SMM Nickel Market Morning Review (2013-6-24)
Jun 24, 2013 10:04Source:SMM
LME nickel prices last Friday opened at USD 13,699/mt, with the high end of the price range USD 14,100/mt, and finding support at USD 13,630/mt.
SHANGHAI, Jun. 24 (SMM) – LME nickel prices last Friday opened at USD 13,699/mt, with the high end of the price range USD 14,100/mt, and finding support at USD 13,630/mt. Finally, LME nickel prices closed at USD 14,086/mt, up USD 383/mt from the previous trading day. Trading volumes decreased by 395 lots, to 3,850 lots, and total positions increased by 2,224 lots, to 120,441 lots. Inventories fell by 102 mt, to 185,412 mt.
The rising US dollar index weighed on base metals prices, but base metals prices rebounded after plunging. Besides, the news that China’s central bank will inject RMB 50 billion to help ease liquidity problem also boosted base metals prices.
LME nickel prices will test support from USD 14,000/mt today, and spot nickel prices in Shanghai are expected to move between RMB 96,500-97,500/mt.
LME nickel prices
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
SHFE Zinc to Climb (2017-7-25)
LME zinc moved between moving averages.
Jul 25, 2017 09:19
LME Nickel Price to Stay at Current Level (2017-7-21)
US Special Prosecutor investigates the Trumps business.
Jul 21, 2017 09:33
SHFE 1709 Nickel Closes Higher (2017-7-19)
SHFE 1709 nickel opened at RMB 79,800/mt today, and slumped with longs closing positions, dipping to RMB 79,310/mt.
Jul 19, 2017 17:35
SHFE 1709 Nickel Closes Higher (2017-7-18)
SHFE 1709 nickel opened at RMB 79,310/mt today, and reached RMB 79650/mt in the morning.
Jul 18, 2017 17:07LME Nickel Monthly Trading Activity Summary- May 2017
A monthly summary of LME Nickel trading activity for May this year is provided below.
Jul 3, 2017 14:58
Tsingshan Project to Support Nickel Price (2017-6-27)
US durable goods orders in May fell short of market expectations.
Jun 27, 2017 09:39SMM Events & Webinars
All- Oct09
NET ZERO EUROPE - Solar & Energy Storage Summit
Oct 09 - 10,2024THE EGG BRUSSELS, BELGIUM
- Oct08
2nd Li-ion Battery Europe 2024
Oct 08 - 10,2024THE EGG BRUSSELS, BELGIUM
- Jun24
2024 Global Renewable Metal Industry Chain Summit
Jun 24 - 25,2024To foster international cooperation and dialogue among industry colleaguesKuala Lumpur , Malaysia
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 © 2024 SMM Information & Technology Co., Ltd. All rights reserved.
