Non-ferrous
PriceNewsPublicationDatabaseEventsConsultingNon-ferrous
Base metals
Minor metals
Precious metals
Scrap metals
Rare earth
News
[Ni Price] SMM Nickel Market Morning Review (2015-7-20)
Jul 20,2015 10:31
CSTprice review forecast
Source:SMM
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
For queries, please contact Frank LIU at liuxiaolei@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 09:37CST
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 09:37CST
SHFE Nickel to Move at Highs (2017-10-10)
Nickel producers in Shandong’s Linyi are required to cut output by 50% in the following 4 months, which is more significantly than expected.
Oct 10, 2017 09:34CST
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 09:41CST
LME Nickel Prices to Fall Further (2017-9-14)
LME nickel dropped overnight, and is expected to fall further today.
Sep 14, 2017 09:13CST
SHFE 1801 Nickel Ends with Big Decline (2017-8-14)
On Monday, SHFE 1801 nickel opened at RMB 86,750/mt and staged similar movement with iron ore.
Aug 14, 2017 17:04CST
MOST POPULAR
price review forecast
price review forecast
price review forecast
price review forecast
China Metals Market
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
Copyright © 2020 SMM Information & Technology Co, Ltd. All rights reserved.
