SMM Nickel Weekly Price Review and Forecast (Jul. 21-25, 2014)_SMM

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Home / Metal News / Zinc / SMM Nickel Weekly Price Review and Forecast (Jul. 21-25, 2014)

SMM Nickel Weekly Price Review and Forecast (Jul. 21-25, 2014)

Jul 22,2014 09:54

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price review forecast

Source:SMM

Nickel plate/sheet supply increased steadily.

SHANGHAI, Jul. 22 (SMM) – Nickel plate/sheet supply increased steadily. Prices for spot nickel plate/sheet in Shanghai gained RMB 430/mt in the week ending July 18. Consumption from stainless steel mills was sluggish in the offseason, with transactions largely done by traders. The price spread between Jinchuan nickel and Russian nickel hovered around RMB 500/mt.

This coming week, spot nickel prices are expected between RMB 126,000-132,000/mt. July is a low-demand month for stainless steel industry, so transactions will be made largely by traders. Prices for high-grade NPI have dropped below refined nickel prices, benefiting those stainless steel mills that produce with high-grade NPI. NPI looks set to be favored over refined nickel in stainless steel production through at least the end of July.

Shanghai nickel prices

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The LME market was closed yesterday due to the summer bank holiday.

Sep 1, 2015 10:04

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price review & forecast

SMM Base Metals Market Daily Review (2015-8-6)

SHFE 1510 copper contract started at RMB 38,170/mt for Wednesday night, and fell to RMB 37,830/mt before ending at RMB 37,930/mt, down by RMB 200/mt.

Aug 7, 2015 10:03

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price review & forecast

[Base Metal] SMM Base Metals Market Daily Review (2015-7-17)

SHFE 1509 copper contract reached RMB 40,650/mt on Friday but rolled back some gains later, to end at RMB 40,480/mt, growing RMB 50/mt or 0.12%.

Jul 20, 2015 11:15

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price review & forecast

SMM Base Metals Market Daily Review (2015-7-15)

SHFE 1509 copper started Tuesday evening session at RMB 40,310/mt and fell to RMB 40,130/mt.

Jul 16, 2015 09:51

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price review & forecast

SMM Base Metals Market Daily Review (2015-6-10)

SHFE 1508 copper contract prices started at RMB 43,320/mt for Tuesday’s night session and followed LME copper up to RMB 43,520/mt but met resistance at this level.

Jun 11, 2015 10:12

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price review & forecast

SMM Base Metals Market Daily Review (2015-4-28)

The SHFE 1507 copper contract dropped after starting Tuesday’s daytime trading, dipping to RMB 43,570/mt, but stabilized in the afternoon and hover around RMB 43,700/mt.

Apr 29, 2015 13:21

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price review & forecast

SMM Base Metals Market Daily Review (2015-4-21)

The most active SHFE copper contract moved narrowly after starting on Tuesday and fell by at the tail of trading to end down RMB 430/mt at RMB 43,370/mt.

Apr 22, 2015 13:22

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price review & forecast

SMM Base Metals Market Daily Review (2015-4-20)

The most active SHFE copper contract rallied to RMB 44,200/mt after starting on Monday, but then dropped below RMB 44,000/mt.

Apr 21, 2015 10:04

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price review & forecast

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

Last week, SHFE nickel showed wide swings after its launch, and SHFE tin started with a 1% loss after LME tin prices touched a low last seen in June 2010.

Apr 8, 2015 10:56

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price review & forecast

SMM Base Metals Weekly Price Review and Forecast (Mar. 16-20, 2015)

Chinese shares showed big swings last week and ended with a 3% gain.

Mar 18, 2015 09:46

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price review & forecast

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