SMM Nickel Market Morning Review (2015-6-10)

Published: Jun 10, 2015 10:14

Save

China’s May CPI growth was 1.2%, down further from April’s 1.5% and falling far short of the government’s target.

SHANGHAI, Jun.10 (SMM) – China’s May CPI growth was 1.2%, down further from April’s 1.5% and falling far short of the government’s target. PPI was also down 4.6% YoY, sliding for the 37 straight month.

LME nickel prices opened at USD 13,364/mt on Tuesday, then rose and touched USD 13,615/mt during European and US trading hours, but rolled back all early gains to close at USD 13,370/mt, down 0.15%. Trading volumes increased 522 lots to 6,538 lots, and total positions increased 5,375 to 243,295. LME nickel inventories were down 1,176 mt to 467,904 mt.

LME nickel prices are expected to fall further today. SHFE 1507 nickel contract prices rose RMB 250/mt Monday evening. Spot nickel prices in Shanghai will drop to RMB 97,600-101,000/mt today.

LME 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

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14

Feb 6, 2026 11:59

The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend]

Feb 6, 2026 11:59

Feb 6, 2026 08:49

The most-traded SHFE tin contract fluctuated rangebound during the night session, with downstream enterprises mostly following up with small-lot transactions. [SMM Tin Morning Brief]

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Fluctuated Rangebound During the Night Session, Downstream Enterprises Mostly Followed Up with Small-Lot Transactions]

Feb 6, 2026 08:49