SMM Nickel Market Daily Review (2015-9-17)-Shanghai Metals Market

Hot Keywords

  • Copper
  • Production data
  • 2019 South China Metals Summit
  • Zinc
  • Inventory data
  • Market commentary
  • Macroeconomics
  • Sales data
  • Aluminium
  • trend forecast
  • iron ore
  • Operation update
  • MMi Iron Ore Port Index
  • Lithium hydroxide
  • Futures movement

SMM Nickel Market Daily Review (2015-9-17)

Price Review & Forecast 09:29:33AM Sep 18, 2015 Source:SMM

SHANGHAI, Sept. 18 (SMM) – SMM #1 nickel prices were between RMB 76,300-77,100/mt. Discounts of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 200/mt in the morning, with discounts of Russian nickel around RMB 500/mt. Jinchuan Group re-imported some nickel, and traders sold proactively, with traded prices between RMB 76,500-76,900/mt. Trading muted as nickel future prices climbed in the afternoon. As nickel futures prices plunged at the end of trading, downstream buyers suspended purchases, with traded prices between RMB 76,500-77,100/mt. Jinchuan raised nickel prices by RMB 700/mt to RMB 77,000/mt.


Key Words:  nickel prices 

SMM Nickel Market Daily Review (2015-9-17)

Price Review & Forecast 09:29:33AM Sep 18, 2015 Source:SMM

SHANGHAI, Sept. 18 (SMM) – SMM #1 nickel prices were between RMB 76,300-77,100/mt. Discounts of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 200/mt in the morning, with discounts of Russian nickel around RMB 500/mt. Jinchuan Group re-imported some nickel, and traders sold proactively, with traded prices between RMB 76,500-76,900/mt. Trading muted as nickel future prices climbed in the afternoon. As nickel futures prices plunged at the end of trading, downstream buyers suspended purchases, with traded prices between RMB 76,500-77,100/mt. Jinchuan raised nickel prices by RMB 700/mt to RMB 77,000/mt.


Key Words:  nickel prices