SMM Nickel Market Daily Review (2015-7-3)

Published: Jul 6, 2015 10:19

Save

SMM #1 nickel prices were between RMB 87,700-89,200/mt.

SHANGHAI, Jul. 6 (SMM) – SMM #1 nickel prices were between RMB 87,700-89,200/mt. Premiums of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 300/mt in the morning. With falling nickel prices, downstream buying interest weakened as they had replenished stocks, with traded prices between RMB 88,000-89,000/mt. Nickel futures prices fluctuated widely in the afternoon, but spot nickel prices held stable. Traders sold actively, leaving supply ample, with traded prices between RMB 88,200-89,000/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 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

15 hours ago

Easing Geopolitical Risks Boosted Copper Prices, Contango Structure Continued as the Price Spread Narrowed [SMM BC Copper Commentary]

15 hours ago

17 hours ago

Data: SHFE, DCE market movement (Mar 24)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Mar , 2026

17 hours ago

19 hours ago

China First Heavy Industries Achieves Breakthrough with Successful Trial of 3500mm Copper Rolling Mill

China First Heavy Industries has successfully completed the trial rolling of the domestically designed and manufactured 3500mm copper and copper alloy wide and thick plate cold and hot rolling mill, the first of its kind in China, for Chinalco Luoyang Copper Processing Co., Ltd., achieving the goal one month ahead of schedule. This marks a major breakthrough for China in the field of high-end copper and copper alloy wide and thick plate rolling equipment.

19 hours ago