Non-ferrous
PriceNewsPublicationDatabaseEventsConsultingNon-ferrous
Base metals
Minor metals
Precious metals
Scrap metals
Rare earth
News
SMM Nickel Market Morning Review (2014-4-8)
Apr 8,2014 09:20
CSTprice review forecast
Source:SMM
LME nickel prices opened at USD 16,350/mt overnight, with the high end of the price range USD 16,549/mt, and finding support at USD 16,350/mt.
SHANGHAI, Apr. 8 (SMM) - LME nickel prices opened at USD 16,350/mt overnight, with the high end of the price range USD 16,549/mt, and finding support at USD 16,350/mt. Finally, LME nickel prices closed at USD 16,522/mt, up USD 135/mt from the previous trading day. Trading volumes decreased by 1,360 lots, to 2,875 lots, and total positions increased by 1,857 lots to 218,428 lots. Inventories fell by 936 mt, to 281,010 mt.
The number of US March non-farm employment released last Friday was 192,000, falling short of February and expectations; March unemployment was flat at 6.7%, giving little effect to nickel prices. LME nickel prices touched USD 16,591/mt before falling back at the end of trading last Friday, and closed at USD 1,6522/mt on Monday.
The US dollar index slid due to the sluggish March non-farm employment rate in the US. LME nickel prices will move between USD 16,450-16,600/mt today, and spot nickel prices in Shanghai will hover between RMB 106,500-107,500/mt.
nickel prices
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
LME Nickel to Fluctuate Narrowly (2017-10-17)
The spokesman of the 19th CPC National Congress will hold a press conference today.
Oct 17, 2017 09:37CST
LME Nickel to Find Support (2017-10-13)
EIA’s crude oil inventory posted the biggest declines, and losses in NYMEX crude oil narrowed.
Oct 13, 2017 09:37CST
SHFE Nickel to Move at Highs (2017-10-10)
Nickel producers in Shandong’s Linyi are required to cut output by 50% in the following 4 months, which is more significantly than expected.
Oct 10, 2017 09:34CST
LME Nickel to Remain Strong (2017-9-29)
Base metals rose due to expectations that China’s economy is growing steadily and progress of US tax reform.
Sep 29, 2017 09:41CST
LME Nickel Prices to Fall Further (2017-9-14)
LME nickel dropped overnight, and is expected to fall further today.
Sep 14, 2017 09:13CST
MOST POPULAR
data analysis
data analysis
China Metals Market
Back to old version
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
Copyright © 2020 SMM Information & Technology Co, Ltd. All rights reserved.