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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 1701 nickel started at RMB 78,380/mt and closed at RMB 78,570/mt, down 0.15%.

Aug 29, 2016 17:46

SMM Comments

Shanghai Spot Nickel to Stabilize (2016-8-29)

Crude oil was weighed down last Friday due to Janet Yellen’s hawkish statement, while the US dollar index gained ground.

Aug 29, 2016 09:40

SMM Comments

Shanghai Spot Nickel to Rise (2016-6-20)

The likelihood of a Brexit decreased.

Jun 20, 2016 09:46

SMM Comments

SHFE Nickel Closes Lower (Jun. 8, 2016)

SHFE 1609 nickel started lower at RMB 68,500/mt overnight and dived to RMB 68,320/mt, to close at RMB 68,700/mt.

Jun 8, 2016 17:16

SMM Comments

33% Market Players in China Bullish toward Nickel, SMM Survey

SMM surveyed 30 market players to find that 10 are bullish, 15 are neutral and 5 are bearish.

Jun 7, 2016 10:40

SMM Comments

SHFE Nickel Trades Lower (May 24, 2016)

SHFE 1609 nickel started at RMB 67,720/mt overnight and once fell to RMB 66,430/mt before closing at RMB 67,180/mt.

May 24, 2016 16:56

SMM Comments

Shanghai Spot Nickel to Hold Stable (2016-5-11)

Crude oil producing countries continued to increase output.

May 11, 2016 09:41

SMM Comments

LME Nickel to Face Pressure (2016-5-9)

The US dollar index remained strong.

May 9, 2016 10:06

SMM Comments

Shanghai Spot Nickel to Fall (2016-5-6)

LME nickel is expected to rally today. September nickel on the SHFE will move between RMB 70,000-72,500/mt.

May 6, 2016 09:48

SMM Comments

Shanghai Spot Nickel Prices to Hover Narrowly (2016-4-1)

China’s official PMI slated for release today is expected to improve.

Apr 1, 2016 09:30

SMM Comments

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

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