[Ni Price] SMM Nickel Market Morning Review (2015-7-20)

Published: Jul 20, 2015 10:31

Save

The US dollar index continued to rise on easing Greek tension, weighing down base metals.

SHANGHAI, Jul. 20 (SMM) – The US dollar index continued to rise on easing Greek tension, weighing down base metals.

LME nickel prices opened at USD 11,540/mt, then fluctuated between USD 11,480-11,580/mt. During European and US trading session, LME nickel prices plunged to as low as USD 11,410/mt, then rebounded to USD 11,500/mt, and closed at USD 11,440/mt, down 1.21%. Trading volumes decreased 510 lots to 4,531 lots, and total positions grew 1,524 to 218,432. LME nickel inventories were up 636 mt to 453,486 mt.

LME nickel prices will remain range-bound today. SHFE 1509 nickel contract prices declined RMB 360/mt last Friday night, and should hover between RMB 83,800-85,800/mt today. Spot nickel prices in Shanghai will remain steady between RMB 84,200-86,200/mt.

nickel prices Ni Price

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

China's Cast Aluminum Alloy Inventory Rises for 6th Week, Pace Slows Down

[SMM Aluminum Alloy Flash] On September 17, SMM data showed that China's social inventory of cast aluminum alloy recorded 34,600 mt, up 500 mt WoW, marking the sixth consecutive week of inventory buildup since early August, though the pace of accumulation slowed down. By region, inventory changes diverged notably this week, with Jiangsu up 1,500 mt, while the other five regions combined decreased by 1,200 mt, of which Guangdong destocked 800 mt.

19 mins ago

1 hour ago

Hindalco Partners with Metalshub for Digital Bidding in Alumina Spot Market, Aiming to Improve Price Discovery

[SMM Aluminum Express News] Hindalco Industries has partnered with Germany-based Metalshub to introduce digital competitive bidding for its spot metallurgical-grade alumina sales, with the first tender expected in Q4 2026. Qualified buyers will submit confidential bids through structured request-for-bid events, widening the buyer pool and generating transaction data from actual competitive offers. The initiative is aimed particularly at improving price discovery in the alumina spot market, where most material is still sold under long-term contracts and spot assessments often rely on market surveys rather than completed transactions.

1 hour ago

3 hours ago

Aluminum prices continue to edge up as market contradictions intensify [SMM South China spot aluminum daily review]

3 hours ago