SMM Nickel Market Daily Review (2014-3-20)_SMM

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Home / Metal News / Aluminium / SMM Nickel Market Daily Review (2014-3-20)

SMM Nickel Market Daily Review (2014-3-20)

Mar 21,2014 08:55

CST

price review forecast

Source:SMM

SMM prices for #1 refined nickel were RMB 104,000-105,000/mt on Thursday.

SHANGHAI, Mar. 21 (SMM) – SMM prices for #1 refined nickel were RMB 104,000-105,000/mt on Thursday. Jinchuan Group raised ex-works prices in Shanghai market to RMB 105,000/mt, up RMB 2,000/mt. Trading was brisk, and average traded volume at traders was 200 mt. However, downstream buyers showed limited buying interest. In the afternoon, spot prices edged lower to RMB 103,700-104,700/mt.

spot nickel prices

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According to Russian Nickel major Norilsk, the current spot price levels of the metal are unlikely to sustain the long run.

Mar 17, 2016 09:16

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industry news

[Ni Price] Nickel Price May Fall below 80,000 yuan Next Week, SMM Says

Nickel prices are likely to extend loss next week due mainly to growing supply and spot prices in China may fall below 80,000 yuan per tonne, SMM predicts.

Aug 7, 2015 17:37

CST

smm insight

[Ni Price] Strong Dollar and Sluggish Demand to Pressure Nickel Prices Next Week

Nickel prices will stay low next week as the strong dollar and weak demand will keep prices from rising, SMM research team predicts.

Jul 17, 2015 16:38

CST

smm insight

SMM Lead Market Daily Review (2015-7-3)

SHFE 1508 lead opened at RMB 13,100/mt during evening session Thursday and closed the session up RMB 80/mt at RMB 13,050/mt.

Jul 6, 2015 08:50

CST

price review & forecast

[Ni Price] LME Nickel May Extend Loss to $12,200-11,800 Next Week

LME nickel prices will fall further to $12,200-11,800 per tonne next week, SMM foresees.

Jul 3, 2015 17:54

CST

smm insight

[Ni Price] China Nickel Prices to Fall to 92,000-96,000 yuan on Oversupply

Spot nickel prices are expected to fall to 92,000-96,000 yuan per tonne next week on oversupply resulting from inflow of finance-driven nickel, SMM predicts.

Jun 26, 2015 17:03

CST

price review & forecast

[Nickel Price] LME Nickel May Break below $12,500 Next Week

Nickel prices may extend loss next week with LME nickel falling below $12,500 per tonne as demand from stainless steel mills should wane and supply is on the rise.

Jun 19, 2015 16:51

CST

price review & forecast

SMM Nickel Weekly Price Review and Forecast (Apr. 20-24, 2015)

SHFE nickel prices also rebounded from RMB 92,640/mt to stand above the 10-day moving average, but met strong resistance.

Apr 21, 2015 09:32

CST

price review & forecast

SMM Nickel Weekly Price Review and Forecast (Apr. 7-10, 2015)

SHFE 1507 nickel contract presented sharp movements last week, with low-end price at RMB 91,600/mt.

Apr 7, 2015 17:41

CST

price review & forecast

SMM Nickel Weekly Price Review and Forecast (Mar. 9-13, 2015)

Nickel supply in China tightened, but prices did not take impetus therefrom.

Mar 10, 2015 10:14

CST

price review & forecast

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