SHFE Nickel Prices to Remain Steady (Apr. 22, 2015)

Published: Apr 22, 2015 17:25

Save

SHFE 1507 nickel contract prices opened at RMB 95,910/mt Tuesday evening, then rebounded to RMB 96,720/mt, then fell back to RMB 96,000-96,300/mt.

SHANGHAI, Apr. 22 (SMM) – SHFE 1507 nickel contract prices opened at RMB 95,910/mt Tuesday evening, then rebounded to RMB 96,720/mt, then fell back to RMB 96,000-96,300/mt. Total positions increased 1,762.

SHFE 1507 nickel contract prices opened at RMB 96,320/mt on Wednesday, then dropped to as low as RMB 95,750/mt, but rose after 11:00 am with LME nickel prices, touching RMB 96,720/mt. Trading volumes decreased 35,322 to 44,290. SHFE 1507 nickel contract prices are expected to remain steady this evening.

nickel prices

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

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

11 hours ago

Macro Sentiment Recovery Boosted the Nonferrous Metals Sector; Tin Prices Rebounded in the Short Term, but Support Remained Insufficient [SMM Tin Futures Brief Review]

[SMM Tin Brief Commentary: Improving Macro Sentiment Boosted the Nonferrous Metals Sector, Tin Prices Rebounded in the Short Term but Support Remained Insufficient]

11 hours ago

13 hours ago

Nornickel Invests $100M in AI to Boost Palladium Demand Amid EV Shift

Russia’s MMC Norilsk Nickel PJSC is betting on artificial intelligence as part of a $100 million push to find additional uses for palladium as electric vehicles erode the metal’s main source of demand.Nornickel, the world’s biggest palladium producer, aims to create 1.7 million ounces of new annual consumption for the metal. That’s equivalent to almost a fifth of existing demand.

13 hours ago

Rio Tinto Targets 2030s Opening for Arizona Copper Mine, May Export Concentrate Due to US Smelting Costs

Rio Tinto aims to open Arizona’s Resolution Copper mine by the mid-2030s but may need to export some of its copper concentrate due to the challenging economics of smelting in the US, a senior executive told Reuters on Tuesday.The Anglo-Australian mining giant this month gained control of acreage needed to build one of the world’s largest copper mines after a years-long court fight in which rising US demand for the red metal clashed with the religious rights of the San Carlos Apache people.

13 hours ago