SMM Nickel Market Morning Review (2014-6-12)_SMM

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Home / Metal News / / SMM Nickel Market Morning Review (2014-6-12)

SMM Nickel Market Morning Review (2014-6-12)

Jun 12,2014 09:36

CST

SMM Comments

Source:SMM

LME nickel prices opened at USD 18,700/mt overnight, with the high end of the price range USD 18,790/mt, and finding support at USD 18,229/mt.

SHANGHAI, Jun. 12 (SMM) – LME nickel prices opened at USD 18,700/mt overnight, with the high end of the price range USD 18,790/mt, and finding support at USD 18,229/mt. Finally, LME nickel prices closed at USD 18,250/mt, down USD 450/mt from the previous trading day. Trading volumes increased by 1,647 lots, to 5,564 lots and total positions increased by 1,157 lots to 230,572 lots. LME nickel inventories were up 126 mt to 286,752 mt.

Negative effects from China's probe into financing fraud at the Port of Qingdao continued to affect copper and nickel prices.

LME nickel prices are expected to move between USD 18,000-18,500/mt today, and spot nickel prices in Shanghai will move between RMB 126,500-129,000/mt.

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Apr 14, 2016 16:34 timezone

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SMM Schedule

SHFE Nickel to Underperform LME Nickel (2016-4-14)

Positive Chinese economic data has restored market confidence, allowing iron ore prices to see big gains.

Apr 14, 2016 09:46 timezone

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SMM Comments

SHFE Nickel Ends with Gains on Stockpiling News (Dec. 11, 2015)

SHFE 1601 nickel started Thursday night session lower at RMB 67,130/mt and closed the session at RMB 67,370/mt.

Dec 11, 2015 18:00 timezone

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SMM Comments

SHFE Nickel Prices off 3.43% (Dec. 8, 2015)

SHFE 1601 nickel started Monday night session at RMB 70,000/mt responding to dollar and crude oil prices and ended at RMB 68,650/mt.

Dec 8, 2015 17:32 timezone

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SMM Comments

Shanghai Nickel Price to Hover at RMB 68,500-71,000/mt (2015-12-3)

The US dollar surged overnight. Chinese #200 stainless steel plants announced output cut. LME nickel prices are expected to consolidate today.

Dec 3, 2015 09:40 timezone

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SMM Comments

Jinchuan Group ups Nickel Prices 300 yuan on Dec. 2

Jinchuan Group raised its ex-works prices to 70,300 yuan per tonne on Dec. 2, Shanghai Metals Market learns.

Dec 2, 2015 11:30 timezone

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SMM Schedule

Will Production Cuts by Chinese Nickel Producers Lift Price? SMM Reports

China’s major nickel producers agreed an initial plan to cut output by 100,000 tonnes in 2016 during the meeting last Friday, according to SMM sources.

Nov 30, 2015 11:40 timezone

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Industry News

SHFE Nickel Gains 3.74% on Short-Covering (Nov. 26, 2015)

SHFE 1601 nickel started at RMB 67,900/mt for night trading Wednesday and closed the session at RMB 69,400/mt.

Nov 26, 2015 17:09 timezone

CST

SMM Comments

Jinchuan Group Ups Nickel Prices 700 yuan on Nov. 26

Jinchuan Group raised its ex-works prices to 70,700 yuan per tonne on Nov. 26, Shanghai Metals Market learns.

Nov 26, 2015 15:23 timezone

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SMM Schedule

LME Nickel to Rise Further (2015-11-26)

LME nickel prices are expected rebound today as shorts left the market.

Nov 26, 2015 09:33 timezone

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SMM Comments

China Metals Market

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