Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
Home / Metal News / [Ni Price] Nickel Price Climb on State Buying Rumor and Production Cuts, Will This Continue?
[Ni Price] Nickel Price Climb on State Buying Rumor and Production Cuts, Will This Continue?
Jul 21, 2015 17:27Source:SMM
The rumors of nickel stockpiling by China’s State Reserve Bureau (SRB) drove the September-delivery contract up to close at 87,870 yuan per tonne Jul. 21, a gain of 3.25%.
SHANGHAI, Jul. 21 (SMM) – The rumors of nickel stockpiling by China’s State Reserve Bureau (SRB) drove the September-delivery contract up to close at 87,870 yuan per tonne Jul. 21, a gain of 3.25%.
It was rumored since the beginning of this week that SRB will buy around 30,000 tonnes of nickel.
“In addition to this, a potential cut at nickel ore miners amid the sluggish nickel market should be also a driver behind today’s nickel price gain,” Shanghai Metals Market’s nickel analyst says.
Moreover, rising steel prices after the strengthening of environment protection inspections should also lend a support to stainless steel price, also favoring nickel prices, SMM adds.
“These positive factors are expected to buoy up the nickel market, and LME nickel will likely advance to $12,000 per tonne, but will face great resistance to climb to $12,500 per tonne,” SMM foresees.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
nickel prices
shfe nickel prices
lme nickel prices
ni price
SRB purchase
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
SMM Events & Webinars
All- Oct14
SMM LME Metals Seminar 2025
Oct 14 - 14,2025London , the United Kingdom
- Oct20
Li-ION BATTERY China
Oct 20 - 21,2025Xiamen, China
- Oct20
APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025
Oct 20 - 21,2025Xiamen, China
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 © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
