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Home / Metal News / SMM Nickel Market Morning Review (2015-9-11)

SMM Nickel Market Morning Review (2015-9-11)

Sep 11, 2015 11:01

Source:SMM

LME nickel prices opened at USD 9,965/mt on Thursday, and raced up above the 20-day moving average.

SHANGHAI, Sept. 11 (SMM) –LME nickel prices opened at USD 9,965/mt on Thursday, and raced up above the 20-day moving average. During European and US trading session, LME nickel prices extended gains and soared to USD 10,475/mt, and closed at USD 10,385/mt, up 3.85%. Trading volumes increased 3,401 lots to 9,102 lots, and total positions increased 1,008 to 225,626. LME nickel inventories fell 1,362 to 449,682 mt.

LME nickel prices are expected to surge then fall back today. SHFE 1601 nickel contract prices will surged to RMB 80,000/mt today. Spot nickel prices in Shanghai are expected to rise to RMB 76,800-78,400/mt.

LME nickel prices

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Dec 17, 2015 10:01

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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

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

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Sep 8, 2015 10:45

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