Non-ferrous
PriceNewsPublicationDatabaseNon-ferrous
Base metals
Minor metals
Precious metals
Scrap metals
Rare earth
EventsConsulting
News
EventsConsultingSMM Nickel Market Morning Review (2014-6-25)
Jun 25,2014 09:27
CSTprice review forecast
Source:SMM
LME nickel prices opened at USD 18,355/mt overnight, with the high end of the price range USD 18,424/mt, and finding support at USD 18,096/mt.
SHANGHAI, Jun. 25 (SMM) – LME nickel prices opened at USD 18,355/mt overnight, with the high end of the price range USD 18,424/mt, and finding support at USD 18,096/mt. Finally, LME nickel prices closed at USD 18,180/mt, down USD 196/mt from the previous trading day. Trading volumes increased by 671 lots, to 2,960 lots and total positions decreased by 1,148 lots to 217,095 lots. LME nickel inventories were up 786 mt to 305,388 mt.
LME nickel prices opened at USD 18,355/mt during Asian trading hours, and touched as high as USD 18,418/mt. During European trading hours, LME nickel prices fell and found support at USD 18,245/mt. Due to disappointing US manufacturing data, CCI and home sales, LME nickel prices lacked ability to gain back losses.
US May durable goods orders and Q1 GDP will be released today. LME nickel prices are expected to move between USD 18,000-18,350/mt today, and spot nickel prices in Shanghai will hover between RMB 124,000-126,000/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
China Metals Market
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 © 2021 SMM Information & Technology Co, Ltd. All rights reserved.
