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Home / Metal News / Shanghai Nickel Prices to Remain Stable (2016-1-14)

Shanghai Nickel Prices to Remain Stable (2016-1-14)

Jan 14, 2016 09:36

Source:SMM

NYMEX crude oil prices fell, and Brent oil prices dropped below USD 30/bbl. LME nickel is expected to fall further today.

SHANGHAI, Jan. 14 (SMM) – NYMEX crude oil prices fell, and Brent oil prices dropped below USD 30/bbl. LME nickel is expected to fall further today.

See forecast for other base metals, please click:Base Metal to See Price Rally, SMM Says

SHFE 1605 nickel prices should move between RMB 65,500-66,500/mt. Downstream purchases decreased after spot nickel rebounded. Shanghai spot nickel should stabilize at RMB 64,000-66,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-14)

LME nickel prices

SHFE nickel prices

For queries, please contact William Gu at williamgu@smm.cn

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

SHFE 1801 nickel opened at RMB 94,340/mt today and then fell to RMB 93,530/mt.

Aug 25, 2017 19:39

SMM Comments

SHFE 1801 Nickel Finishes Higher (2017-8-25)

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Jul 3, 2017 09:39

SMM Comments

India Nickel Scrap, Nickel Futures gain on weak Dollar

Shanghai Spot Nickel to Hold Stable (2016-8-9)

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Aug 9, 2016 09:24

SMM Comments

SHFE Nickel to Remain Range-Bound (2016-8-2)

Crude oil prices plunged, but US major economic indicators are not promising.

Aug 2, 2016 09:22

SMM Comments

Shanghai Spot Nickel to Slid (2016-7-14)

The Bank of UK is expected to lower interest rate today.

Jul 14, 2016 09:06

SMM Comments

SHFE Nickel Ends with Large Gains (Jul. 12 , 2016)

SHFE 1609 nickel challenged RMB 80,000/mt after opening Monday night session at RMB 79,450/mt.

Jul 12, 2016 20:24

SMM Comments

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Jul 7, 2016 09:51

SMM Comments

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SHFE 1609 nickel opened at RMB 80,660/mt last night, and then grew to RMB 82,120/mt, to end at RMB 77,060/mt.

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SMM Comments

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Jul 5, 2016 09:23

SMM Comments

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Jul 4, 2016 17:20

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