Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / SMM Nickel Market Morning Review (2015-5-5)

SMM Nickel Market Morning Review (2015-5-5)

May 5, 2015 09:54

The LME market was closed yesterday.

SHANGHAI, May 5 (SMM) – The LME market was closed yesterday.

The US dollar index stopped falling. HSBC’s April manufacturing PMI hit a near-one-year low, and euro zone manufacturing PMI in April also dropped. LME nickel prices are expected to point toward USD 14,000/mt level. SHFE 1507 nickel contract prices rose RMB 480/mt Monday evening. Spot nickel prices in Shanghai will hold stable between RMB 100,500-103,500/mt today.

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

Jinchuan Group cut its ex-works prices by 500 yuan per tonne on Mar. 30.

Mar 30, 2016 14:08

Reminder

Chinese Stainless Steel Mills Increase Nickel Plate Purchases, SMM Reports

Medium and large Chinese stainless steel mills have increased purchases of nickel plate recently in the Shanghai market, according to survey by Shanghai Metals Market.

Mar 29, 2016 13:43

Industry

China Low-Grade NPI Price Rise on Supply Tightness, SMM Says

Prices for low-grade NPI rose 10 yuan on Mar. 21 in China’s domestic spot market, according to SMM data.

Mar 22, 2016 10:39

Industry

Nickel Prices to Fall as Shorts Return, SMM Says

Nickel prices on the SHFE are expected to drift lower this coming week as the shorts return, Shanghai Metals Market foresees.

Oct 30, 2015 17:00

Industry

Jinchuan Group Cuts Nickel Prices 1,100 yuan on Oct. 30

Jinchuan Group cut its ex-works prices to 76,800 yuan per tonne on Oct. 30, Shanghai Metals Market learns.

Oct 30, 2015 15:18

Reminder

Jinchuan Group Raises Nickel Prices 300 yuan on Oct. 28

Jinchuan Group raised its ex-works prices to 77,900 yuan per tonne on Oct. 28, Shanghai Metals Market learns.

Oct 29, 2015 09:41

Reminder

SMM Nickel Market Daily Review (2015-10-21)

SMM #1 nickel prices were between RMB 76,500-77,400/mt October 20.

Oct 22, 2015 09:36

SMM Comments

Jinchuan Group Sees Nickel Prices to Rally in Q4

Nickel prices in China’s domestic market are expected to rally during Q4, Simon Bao, Deputy Marketing General Manager of Jinchuan Group, was quoted as saying.

Sep 22, 2015 10:29

Industry

SHFE 1507 Nickel Ends at RMB 101,020/mt (Apr. 29, 2015)

The most active SHFE 1507 nickel opened Tuesday’s evening session at RMB 102,490/mt and then hit a high of RMB 104,390/mt, near Monday evening’s highest price.

Apr 29, 2015 17:23

SMM Comments

SMM Nickel Market Morning Review (2015-3-12)

China’s January and February fixed asset investment increased 13.9% YoY, falling short of market expectations.

Mar 12, 2015 10:31

SMM Comments

SMM Events & Webinars

All

Sep
15
- NET ZERO CHINA Field Trip
  Sep 15 - 19,2025
  中国
Sep
26
- 2025 ASIA BATTERY MATERIAL COOPERATION SALON
  Sep 26 - 26,2025
  Time：9.26 2025 Place：Seoul， South Korea
  Seoul， South Korea
Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  Emmanuel Centre，London , the United Kingdom

SMM Nickel Market Morning Review (2015-5-5)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025