SMM Nickel Market Morning Review (2014-8-5)

Aug 5, 2014 10:21

LME nickel prices opened at USD 18,350/mt overnight, with the high end of the price range USD 18,590/mt, and finding support at USD 18,335/mt.

SHANGHAI, Aug. 5 (SMM) – LME nickel prices opened at USD 18,350/mt overnight, with the high end of the price range USD 18,590/mt, and finding support at USD 18,335/mt. Finally, LME nickel prices closed at USD 18,569/mt, up USD 147/mt from the previous trading day. Trading volumes decreased by 2,520 to 2,511 lots and total positions decreased by 2,175 to 206,452 lots. LME nickel inventories fell 84 to 317,544 mt.

With strong long momentum in China's stocks markets, LME nickel prices are expected to hover between USD 18,300-18,600/mt today, and spot nickel prices in Shanghai will hover between RMB 129,000-130,500/mt.

nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

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.

SMM Nickel Market Morning Review (2014-8-5)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025