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Home / Metal News / LME Nickel Set for Gains (2016-3-8)

LME Nickel Set for Gains (2016-3-8)

Mar 8, 2016 10:08

Source:SMM

LME nickel should challenge USD 9,500/mt during Asian trading hours Tuesday after recording a 7-day win streak.

SHANGHAI, Mar. 8 (SMM) – LME nickel should challenge USD 9,500/mt during Asian trading hours Tuesday after recording a 7-day win streak.

Iron ore and rebar future contracts hit by daily upside limit on Monday, boding well for nickel prices. SHFE 1605 nickel will range RMB 73,000-74,500/mt on Mar. 8 and spot nickel will quote at RMB 72,200-73,200/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-8)

LME nickel prices

ni prices

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Jinchuan Group raised its ex-works prices 1,200 yuan per tonne on Sep. 28.

Sep 28, 2016 14:37

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

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

No Gains in Sight for Nickel Prices, SMM Says

As of Friday noon, LME nickel traded at $8,450 per tonne, up 1.75% on a weekly basis, while during the same period, SHFE 1605 nickel was off 0.18% to 66,290 yuan per tonne.

Apr 8, 2016 17:47

Industry

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

Jinchuan Group Slashes Nickel Price by 2,100 yuan on Mar. 9

Jinchuan Group axed its ex-works prices by 2,100 yuan per tonne on Mar. 9.

Mar 10, 2016 10:13

Reminder

Shanghai Spot Nickel Prices to Climb (2016-2-22)

LME nickel is expected to maintain upward momentum on news that the Philippines will reduce nickel ore supply.

Feb 22, 2016 09:52

SMM Comments

LME Nickel to Rise during Chinese Holiday Period, SMM Says

Chinese market will be closed this coming week for the 2016 Chinese New Year holiday, and LME nickel is expected to advance during the period, SMM foresees.

Feb 5, 2016 17:43

Industry

Jinchuan Group Ups Nickel Prices 600 yuan on Jan. 19

Jinchuan Group raised its ex-works prices by 600 yuan per tonne on Jan. 19.

Jan 20, 2016 09:33

Reminder

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LME Nickel Set for Gains (2016-3-8)

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