Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
DashboardDatabaseProReportsEventsCar Insight
Download our mobile app to
your devices
SMM Nickel Market Morning Review (2015-7-9)
Jul 9, 2015 09:31Source:SMM
China pushed additional stimulus measures.
SHANGHAI, Jul. 9 (SMM) – China pushed additional stimulus measures. LME nickel prices opened at USD 10,785/mt, and plummeted to a record low of USD 10,430/mt at one point. But during European and US trading session, LME nickel price rebounded to USD 11,070/mt, and closed at USD 10,900/mt, up 1.21%. Trading volumes increased 1,414 lots to 14,855 lots, and total positions grew 1,517 to 222,386. LME nickel inventories were up 1,230 mt to 456,744 mt.
China’s PPI and CPI will be announced this morning. Commodity prices are expected to rise thanks to China’s stimulus measures. LME nickel prices are expected to level out today. SHFE 1509 nickel contract prices dropped RMB 1,500/mt last night, and should move between RMB 81,000-83,000/mt. Spot nickel prices in Shanghai will plunge to RMB 80,000-82,000/mt.
LME nickel prices
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
LME Nickel to Fluctuate Narrowly (2017-10-17)
The spokesman of the 19th CPC National Congress will hold a press conference today.
Oct 17, 2017 09:37
LME Nickel to Find Support (2017-10-13)
EIA’s crude oil inventory posted the biggest declines, and losses in NYMEX crude oil narrowed.
Oct 13, 2017 09:37
LME Nickel to Remain Strong (2017-9-29)
Base metals rose due to expectations that China’s economy is growing steadily and progress of US tax reform.
Sep 29, 2017 09:41LME Nickel Prices to Fall Further (2017-9-14)
LME nickel dropped overnight, and is expected to fall further today.
Sep 14, 2017 09:13
SHFE 1801 Nickel Closes Higher (2017-8-3)
SHFE 1801 nickel opened at RMB 84,800/mt today and rose to RMB 85,860/mt.
Aug 3, 2017 17:26SHFE Nickel to Face Downward Pressure (2017-8-1)
Anthony Scaramucci has been removed as White House communications director, pushing down the US dollar to 92.767.
Aug 1, 2017 09:27
SHFE Nickel to Fluctuate at Highs (2017-7-31)
US Q2 GDP rebounded to 2.6%, but salary growth hit a 2-year low, leaving the US dollar weak.
Jul 31, 2017 09:38
SMM Events & Webinars
All- Oct08
2nd Li-ion Battery Europe 2024
Oct 08 - 10,2024THE EGG BRUSSELS, BELGIUM
- Jun24
2024 Global Renewable Metal Industry Chain Summit
Jun 24 - 25,2024To foster international cooperation and dialogue among industry colleaguesKuala Lumpur , Malaysia
- Jun18
2024 ASEAN Automotive Supply Chain
Jun 18 - 19,2024Pattaya,Thailand
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday 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.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.
