SHFE Nickel Slips with Shorts Gathering Strength (Dec. 24, 2015)

Zhongwei shares issued an announcement last night that, in view of the company's continued optimism in the high nickel matte recovered from nickel laterite smelting, its wholly-owned subsidiary Zhongwei Hong Kong New Energy reached a supplementary agreement with RIGQUEZA to make additional investments in the joint venture PT.ZhongTsing New Energy. The two parties agreed to build a new laterite smelting project in Indonesia (Phase II) with an annual production capacity of 30,000 m of high nickel matte in metal content on top of Phase I project.

The current tightness of NPI, coupled with the upward trend in cost-end prices (mainly rising electricity prices) and the reduction in NPI output caused by power rationing, has made the problem of NPI shortage more difficult to solve.

SHFE nonferrous metals broadly fell on Thursday December 31 as multiple markets closed early for New Year's Eve.

Shanghai base metals mostly cruised lower on Tuesday morning, while their counterparts on the LME rose for the most part as market sentiment was boosted after Trump signed into law the $2.3 trillion pandemic aid and spending package.

Nonferrous metals on the SHFE were mostly higher on Wednesday morning, while their counterparts on the LME also advanced for the most part.

SHFE nonferrous metals rose for the most part on Tuesday November 8 as investors remained cautious over rising coronavirus cases, U.S. stimulus negotiations as well as Brexit talks between the U.K. and the European Union.

Shanghai base metals traded mixed on Friday morning, as investors continue to wait for a result from the US election. Meanwhile, their counterparts on the LME were mostly higher.

SHFE nonferrous metals fell across the board on Thursday September 17.

Nonferrous metals on both SHFE and LME declined across the board in early trading of Thursday as investors react to developments from the US Federal Reserve which said it would keep interest rates near zero for years until US economy heals from the effect of the coronavirus pandemic.   

SHFE nonferrous metals rose for the most part on Tuesday September 15 as China's investment and consumption data in August improved on the macro level, leading to the optimistic investment sentiment.