Non-ferrous
PriceNewsPublicationDatabaseEventsConsultingNon-ferrous
Base metals
Minor metals
Precious metals
Scrap metals
Rare earth
News
SMM Nickel Market Morning Review (2014-10-8)
Oct 8,2014 10:20
CSTprice review forecast
Source:SMM
LME nickel prices dipped to as low as USD 15,869/mt October 1, then rallied to USD 17,000/mt.
SHANGHAI, Oct. 8 (SMM) – LME nickel prices dipped to as low as USD 15,869/mt October 1, then rallied to USD 17,000/mt. US non-farm employment data in September were upbeat, and unemployment rate fell from 6.1% to 5.9%. The US dollar index thus surged to 86.8, but slid as a large number of longs retreated from the market. Euro zone economy remains weak. LME nickel inventories grew 8,208 mt during the Chinese National Day holiday, or up 2.3%.
LME nickel prices are expected to meet resistance at USD 17,000/mt today, and spot nickel prices in Shanghai will hover between RMB 114,500-116,000/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
SHFE 1801 Nickel Ends with Big Decline (2017-8-14)
On Monday, SHFE 1801 nickel opened at RMB 86,750/mt and staged similar movement with iron ore.
Aug 14, 2017 17:04CST
MOST POPULAR
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.