Non-ferrous

Non-ferrous
Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

New Energy
Price CenterDatabaseProReportsEventsCar Insight
SHANGHAI, Nov. 6 (SMM) – LME nickel prices opened at USD 9,870/mt on Thursday, then fell all the way to USD 9,665/mt, and closed at USD 9,745/mt, down 1.37%. Trading volumes increased 591 to 8,222 lots, and total positions added 1,168 to 241,210. LME nickel inventories fell 570 to 427,518 mt.
LME nickel is expected to remain low today. SHFE 1601 nickel contract prices will move between RMB 74,300-75,800/mt today. Spot zinc prices in Shanghai should drop to RMB 73,500-75,000/mt.
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