SMM Nickel Market Morning Review (2015-5-7)

May 7, 2015 09:40

LME nickel prices opened at USD 14,250/mt, then plunged to as low as USD 14,155/mt, but climbed again to as high as USD 14,585/mt due to the falling US dollar index.

SHANGHAI, May 7 (SMM) – LME nickel prices opened at USD 14,250/mt, then plunged to as low as USD 14,155/mt, but climbed again to as high as USD 14,585/mt due to the falling US dollar index. But during European and US trading session, LME nickel prices rolled back early gains and slumped to as low as USD 13,870/mt, and closed at USD 13,970/mt, down 1.93%. Trading volumes increased 697 lots to 10,693 lots, and total positions decreased 748 to 230,883. LME nickel inventories fell 144 mt to 443,916 mt.

LME nickel prices are expected to fall further today. SHFE 1507 nickel contract prices tumbled RMB 1,480/mt Wednesday evening. Spot nickel prices in Shanghai will move between RMB 101,000-106,000/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

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 (2015-5-7)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025