SMM Nickel Market Daily Review (2015-6-2)

Published: Jun 3, 2015 09:09

Save

SMM #1 nickel prices were between RMB 95,200-100,100/mt.

SHANGHAI, Jun. 3 (SMM) – SMM #1 nickel prices were between RMB 95,200-100,100/mt. Jinchuan Group raised ex-works prices slightly. Traders sold at higher prices. When combined with re-import of Jinchuan nickel, Jinchuan nickel supply tightness eased. But downstream buying interest was weak, with traded prices between RMB 95,300-99,300/mt. Premiums of Jinchuan nickel against the most actively traded nickel contracts on the Wuxi electronic trading stayed at RMB 3,700/mt in the afternoon, muting trading. Jinchuan Group raised prices by RMB 1,500/mt to RMB 100,000/mt.

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 for 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

19 mins ago

[SMM Aluminum Flash News] Australia's Wattle Children's Hospital Features Modular Aluminium Façade Design

Australian architectural firm Billard Leece Partnership (BLP) has completed the Wattle Building at The Children's Hospital at Westmead in Sydney. The 57,000-square-metre facility features a custom modular aluminium and terracotta façade, aluminium battens, high-performance glazing and energy-efficient building systems. The project combines sustainable aluminium architecture with child-friendly, biophilic design to create a modern healthcare environment focused on wellbeing and family-centred care.

19 mins ago

20 mins ago

[SMM Aluminum Flash News] Rising Copper Prices Drive Wider Adoption of Aluminium Wiring in Automobiles

Higher copper prices are accelerating the adoption of aluminum wiring across the automotive industry. Ferrari, BMW, Stellantis, Tesla, XPeng, Xiaomi and AVATR have expanded the use of aluminum conductors in selected vehicle models to reduce costs and vehicle weight. Aluminum costs about one-quarter as much as copper and weighs only around one-third as much, making it increasingly attractive for EVs. JPMorgan expects aluminum to replace about 6% of global copper demand by 2030 as material substitution accelerates.

20 mins ago

21 mins ago

[SMM Aluminum Flash News] Vitol Ships First Gulf Aluminium Cargo Through Strait of Hormuz After Conflict

Vitol has successfully transported about 35,000 tones of Emirates Global Aluminum (EGA) metal through the Strait of Hormuz, marking one of the first aluminum cargoes to leave the Gulf after recent conflict disruptions. The shipment, valued at around USD 110 million, signals a gradual recovery in Middle East aluminum exports and may help ease global supply tightness. However, shipping risks remain, and the pace of export recovery will continue to influence aluminum prices in the coming weeks.

21 mins ago