SMM Nickel Market Daily Review (2015-9-15)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2015-9-15)

Price Review & Forecast 10:00:12AM Sep 16, 2015 Source:SMM

SHANGHAI, Sept. 16 (SMM) – SMM #1 nickel prices were between RMB 75,700-76,600/mt. Discounts of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 200/mt in the morning. Downstream buyers built stocks as nickel futures prices fell, with traded prices between RMB 75,600-76,100/mt. Nickel futures prices continued to fall in the afternoon, but downstream buying interest was low. Traders bought at lows but refrained from buying, with traded prices between RMB 76,500-77,200/mt. Most traders bought warrants as SHFE 1509 nickel contracts were delivered yesterday. Downstream buying interest weakened, with trading quiet and traded prices between RMB 75,000-75,700/mt. Jinchuan Group lowered prices by RMB 1,500/mt to RMB 76,300/mt.


Key Words:  nickel prices 

SMM Nickel Market Daily Review (2015-9-15)

Price Review & Forecast 10:00:12AM Sep 16, 2015 Source:SMM

SHANGHAI, Sept. 16 (SMM) – SMM #1 nickel prices were between RMB 75,700-76,600/mt. Discounts of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 200/mt in the morning. Downstream buyers built stocks as nickel futures prices fell, with traded prices between RMB 75,600-76,100/mt. Nickel futures prices continued to fall in the afternoon, but downstream buying interest was low. Traders bought at lows but refrained from buying, with traded prices between RMB 76,500-77,200/mt. Most traders bought warrants as SHFE 1509 nickel contracts were delivered yesterday. Downstream buying interest weakened, with trading quiet and traded prices between RMB 75,000-75,700/mt. Jinchuan Group lowered prices by RMB 1,500/mt to RMB 76,300/mt.


Key Words:  nickel prices