Home / Metal News /  / SMM Nickel Market Morning Review (2015-10-9)
SMM Nickel Market Morning Review (2015-10-9)
Oct 9,2015 09:51CST
SMM Comments
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

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news

SMM Events & Webinars

All