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Home / Metal News / SMM Nickel Market Morning Review (2015-8-17)

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

Aug 17, 2015 10:20

Source:SMM

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

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LME nickel is expected to maintain upward momentum on news that the Philippines will reduce nickel ore supply.

Feb 22, 2016 09:52

SMM Comments

Shanghai Spot Nickel Prices to Remain Firm (2016-2-19)

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Feb 19, 2016 09:28

SMM Comments

Shanghai Spot Nickel Prices to Stabilize (2016-2-4)

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Feb 4, 2016 10:46

SMM Comments

Shanghai Spot Nickel Prices to Rise (2016-1-15)

Risk appetite improved after negative news was absorbed.

Jan 15, 2016 10:13

SMM Comments

SHFE Nickel to Fall on Wait-and-See Posture (2015-12-17)

The US dollar rose after Fed interest rate increase, and LME nickel saw shorts closing positions.

Dec 17, 2015 10:01

SMM Comments

Nickel Prices to Fall as Shorts Return, SMM Says

Nickel prices on the SHFE are expected to drift lower this coming week as the shorts return, Shanghai Metals Market foresees.

Oct 30, 2015 17:00

Industry

SMM Nickel Market Morning Review (2015-10-20)

LME nickel prices opened at USD 10,550/mt on Monday, then rose briefly but fell back, and found support from the 5-day moving average.

Oct 20, 2015 10:25

SMM Comments

Jinchuan Group Sees Nickel Prices to Rally in Q4

Nickel prices in China’s domestic market are expected to rally during Q4, Simon Bao, Deputy Marketing General Manager of Jinchuan Group, was quoted as saying.

Sep 22, 2015 10:29

Industry

SMM Nickel Market Morning Review (2015-9-10)

LME nickel prices opened at USD 9,965/mt on Wednesday, and raced up to USD 10,125/mt.

Sep 10, 2015 10:42

SMM Comments

SMM Nickel Market Morning Review (2015-9-8)

LME nickel prices opened at USD 9,925/mt on Monday, then fell below the 10-day moving average, but rebounded above the 5-day moving average later on.

Sep 8, 2015 10:45

SMM Comments

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