SMM Nickel Market Morning Review (2015-9-1)_SMM

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Home / Metal News / Copper / SMM Nickel Market Morning Review (2015-9-1)

SMM Nickel Market Morning Review (2015-9-1)

Sep 1, 2015 10:04

CST

Source:SMM

The LME market was closed yesterday due to the summer bank holiday.

SHANGHAI, Sept. 1 (SMM) – The LME market was closed yesterday due to the summer bank holiday.

Official and Caixin’s August PMI for China will be announced this morning, which are not promising. LME nickel prices fell below USD 10,000/mt after reopening, and should move between the 5 and 10-day moving averages. SHFE 1601 nickel contract prices dropped RMB 610/mt, and should hover between RMB 76,000-78,000/mt. Spot nickel prices in Shanghai are expected to fall to RMB 75,500-76,800/mt.

LME nickel prices

SHFE nickel prices

Shanghai nickel prices

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CST

SMM Comments

SHFE Nickel Prices off 2.21% (Nov. 5, 2015)

SHFE 1601 nickel started Wednesday night session at RMB 75,700/mt and closed the session at RMB 75,730/mt.

Nov 5, 2015 16:57 timezone

CST

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CST

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SHFE Nickel Closes with Losses (Nov. 2, 2015)

SHFE 1601 nickel opened at RMB 77,100/mt last Friday night and ranged between RMB 76,900-77,300/mt, to end at RMB 76,640/mt.

Nov 2, 2015 19:35 timezone

CST

SMM Comments

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CST

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Oct 23, 2015 16:55 timezone

CST

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Oct 20, 2015 10:25 timezone

CST

SMM Comments

SHFE Nickel Registers 1.08% Growth (Oct. 12, 2015)

SHFE 1601 nickel lurched down to RMB 79,000/mt after opening last Friday evening session at RMB 81,000/mt, to close at RMB 79,660/mt.

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CST

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CST

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