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Home / Metal News / Shanghai Spot Nickel Prices to Hover Narrowly (2016-4-1)

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

Apr 1, 2016 09:30

Source:SMM

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

SHANGHAI, Apr. 1 (SMM) – China’s official PMI slated for release today is expected to improve. LME nickel should hover between USD 8,400-8,500/mt today. SHFE 1605 nickel should fluctuate between RMB 66,000-66,500/mt. Spot nickel in China should move between RMB 66,300-67,000/mt. Downstream buyers are suggested to remain cautious.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-1)

SHFE nickel prices

LME nickel prices

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Sep 26, 2017 09:39

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LME Nickel Prices to Hover at Lows (2017-9-26)

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Sep 22, 2017 09:23

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LME Nickel Prices to Hover at Lows (2017-9-22)

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

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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India Nickel Scrap, Nickel Futures gain on weak Dollar

LME Nickel to Fluctuate at Lows (2017-4-24)

Crude oil prices fell below USD 50/bbl overnight with market pessimism prevailing in the market.

Apr 24, 2017 09:37

SMM Comments

LME Nickel to Fluctuate at Lows (2017-4-24)

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The US dollar index weakened overnight due to Fed official’s dovish statement. Crude oil erased some losses.

Sep 13, 2016 09:18

SMM Comments

Shanghai Spot Nickel to Rise (2016-9-2)

Crude oil slumped due to oversupply.

Sep 2, 2016 09:17

SMM Comments

3% Chinese Market Players Optimistic toward Nickel, SMM Surveys

SMM surveyed 30 market participants to find that 1 are bullish toward nickel price this week, 13 are neutral and 16 are bearish.

Aug 23, 2016 10:25

SMM Comments

SHFE Nickel Ends Lower (2016-8-15)

SHFE 1701 nickel started at RMB 80,710/mt and then posted gains. During the afternoon business, SHFE 1701 nickel fluctuated at RMB 81,200-81,600/mt and ended at RMB 80,850/mt, down 2.91%.

Aug 15, 2016 17:19

SMM Comments

SHFE Nickel Ends with Losses (2016-8-12)

SHFE 1701 nickel started at RMB 83,650/mt and dropped below the 20-day moving average to a session-low of RMB 82,600/mt later before finally closding at RMB 83,100/mt, down 1.25%.

Aug 12, 2016 15:49

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