Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / SMM Nickel Market Morning Review (2015-9-16)

SMM Nickel Market Morning Review (2015-9-16)

Sep 16, 2015 10:11

Source:SMM

LME nickel prices opened at USD 9,905/mt Tuesday, and leapt to USD 9,975/mt.

SHANGHAI, Sept. 16 (SMM) –LME nickel prices opened at USD 9,905/mt Tuesday, and leapt to USD 9,975/mt. In the afternoon, LME zinc prices dropped to as low as USD 9,760/mt, but rebounded later on, and closing at USD 10,055/mt, up 1.51%. Trading volumes increased 1,414 lots to 8,004 lots, and total positions decreased 165 to 23,850. LME nickel inventories fell 534 to 447,786 mt.

LME nickel prices are expected to move sideways today. SHFE 1601 nickel contract prices will hover between RMB 76,500-78,500/mt today. Spot nickel prices in Shanghai are expected to rebound to RMB 75,600-77,000/mt.

LME nickel prices

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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)

China’s credit loans surged, and gold posted sharp gains. Saudi Arab will not cut crude oil output.

Feb 19, 2016 09:28

SMM Comments

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

Crude oil prices rebounded on output cut expectations. The US dollar index plunged. LME nickel is expected to remain range-bound today.

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

SMM Events & Webinars

All

Oct
20
- Li-ION BATTERY China
  Oct 20 - 21,2025
  Xiamen, China
Oct
20
- APAC (10th) Stainless Steel Industry Conference 2025
  Oct 20 - 21,2025
  Xiamen, China
Oct
22
- 2025 15th APAC TIN INDUSTRY CONFERENCE
  Oct 22 - 24,2025
  The 2025 Tin Industry Annual Conference will focus on "Opportunities and Challenges in a New Era.
  Yunnan · Gejiu

SMM Nickel Market Morning Review (2015-9-16)

SMM Events & Webinars

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE