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Home / Metal News / SHFE Nickel Tumbles 0.51% (Mar. 10, 2016)

SHFE Nickel Tumbles 0.51% (Mar. 10, 2016)

Mar 10, 2016 17:18

Source:SMM

SHFE 1605 nickel started at RMB 69,600/mt for night session Wednesday and closed the session at RMB 70,040/mt.

SHANGHAI, Mar. 10 (SMM) – SHFE 1605 nickel started at RMB 69,600/mt for night session Wednesday and closed the session at RMB 70,040/mt.

SHFE nickel opened Thursday trading session at RMB 69,900/mt and ranged between RMB 69,000-70,000/mt. The contract headed for losses in the afternoon business with shorts gathering strength, to end at RMB 68,930/mt, tumbling 0.51%. Trading volumes grew 46,882 to 1.23 million lots and positions were up 17,780 to 410,000.

SHFE 1605 nickel is expected to swing between RMB 68,000-70,000/mt tonight.

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Jinchuan Group cut its ex-works prices 1,700 yuan per tonne on Aug. 25.

Aug 25, 2016 16:41

Reminder

Jinchuan Group Raises Nickel Price by 1,500 yuan on June 30, up for 3 Days

Jinchuan Group raised its ex-works prices 1,500 yuan per tonne on Jun. 30.

Jun 30, 2016 14:43

Reminder

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

Jinchuan Group Cuts Nickel Price by 500 yuan on Mar. 30

Jinchuan Group cut its ex-works prices by 500 yuan per tonne on Mar. 30.

Mar 30, 2016 14:08

Reminder

SHFE Nickel Closes with Small Gains (Mar. 29, 2016)

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

SMM Comments

Chinese Stainless Steel Mills Increase Nickel Plate Purchases, SMM Reports

Medium and large Chinese stainless steel mills have increased purchases of nickel plate recently in the Shanghai market, according to survey by Shanghai Metals Market.

Mar 29, 2016 13:43

Industry

China Low-Grade NPI Price Rise on Supply Tightness, SMM Says

Prices for low-grade NPI rose 10 yuan on Mar. 21 in China’s domestic spot market, according to SMM data.

Mar 22, 2016 10:39

Industry

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

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

Mar 8, 2016 10:08

SMM Comments

Shanghai Spot Nickel Prices to Remain Firm (2016-2-19)

China’s credit loans surged, and gold posted sharp gains. Saudi Arab will not cut crude oil output.

Feb 19, 2016 09:28

SMM Comments

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

Crude oil prices rebounded on output cut expectations. The US dollar index plunged. LME nickel is expected to remain range-bound today.

Feb 4, 2016 10:46

SMM Comments

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SHFE Nickel Tumbles 0.51% (Mar. 10, 2016)

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