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Home / Metal News / Shanghai Nickel Price to Hold Stable (2015-12-10)

Shanghai Nickel Price to Hold Stable (2015-12-10)

Dec 10, 2015 09:52

News that China will buy up zinc and aluminum reserves in the near term will boost base metals.

SHANGHAI, Dec. 10 (SMM) – News that China will buy up zinc and aluminum reserves in the near term will boost base metals. LME nickel prices are expected to remain low today.

See forecast for other base metals, please click:Shanghai Nickel Price to Hold Stable (2015-12-10)

SHFE 1601 nickel contract prices will move between RMB 66,500-69,000/mt today. Traders will mostly hold onto their goods as Jinchuan nickel supplies are tight. Spot zinc prices in Shanghai should stabilize at RMB 66,500-68,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-10)

SHFE nickel prices

LME nickel prices

Shanghai nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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

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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

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SMM Comments

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

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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)

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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.

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SMM Comments

SHFE Nickel to Fall on Wait-and-See Posture (2015-12-17)

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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

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Shanghai Nickel Price to Hold Stable (2015-12-10)

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