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Home / Metal News / SMM Nickel Market Morning Review (2015-10-9)

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

Oct 9, 2015 09:51

Source:SMM

LME nickel prices opened at USD 10,115/mt.

SHANGHAI, Oct. 9 (SMM) – LME nickel prices opened at USD 10,115/mt. During European session, LME nickel prices dipped to the 5-day moving average at one point, then rebounded and closed at USD 10,170/mt, up 0.1%. Trading volumes increased 921 to 6,218 lots, and total positions declined 988 to 245,344. LME nickel inventories fell 2,808 to 443,592 mt.

LME nickel prices will rise further. SHFE 1601 nickel contract prices will hover between RMB 77,400-78,300/mt today. Spot zinc prices in Shanghai should move between RMB 76,200-77,500/mt.

SHFE nickel prices

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SHFE 1605 nickel started at RMB 68,180/mt overnight and then narrowly ranged RMB 68,100-68,300/mt.

Mar 29, 2016 15:41

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

SHFE Nickel Ends Up 1.66% (Jan. 18, 2016)

SHFE 1605 nickel started last Friday night session at RMB 67,820/mt and bounced back to RMB 68,960/mt.

Jan 18, 2016 19:37

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 Up 0.8% (Dec. 31, 2015)

SHFE 1605 nickel opened Wednesday night session at RMB 70,100/mt and then narrowly ranged RMB 69,880-70,400/mt.

Dec 31, 2015 19:05

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

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

SMM Comments

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

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

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