SMM Nickel Market Morning Review (2015-8-17)

Published: Aug 17, 2015 10:20

Save

LME nickel prices opened at USD 10,455/mt, then rallied.

SHANGHAI, Aug. 17 (SMM) – LME nickel prices opened at USD 10,455/mt, then rallied. During European and US trading session, LME nickel prices rebounded and closed at USD 10,625/mt, up 1.67%. Trading volumes decreased 2,021 lots to 2,708 lots, and total positions added 3,333 to 233,028. LME nickel inventories fell 24 to 454,326 mt.

LME nickel prices are expected to consolidate today. SHFE 1601 nickel contract prices rose RMB 50/mt last Friday evening, and should move between RMB 82,000-83,000/mt today.

Spot nickel prices in Shanghai will hold stable between RMB 81,000-82,500/mt.

LME 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

Feb 6, 2026 16:42

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

Feb 6, 2026 16:42

Feb 6, 2026 16:38

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.

Feb 6, 2026 16:38

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14