Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
DashboardDatabaseProReportsEventsConsulting
Download our mobile app to
your devices
SHFE Nickel to Underperform LME Nickel (2016-4-14)
Apr 14, 2016 09:46Source:SMM
Positive Chinese economic data has restored market confidence, allowing iron ore prices to see big gains.
SHANGHAI, Apr. 14 (SMM) – Positive Chinese economic data has restored market confidence, allowing iron ore prices to see big gains. LME nickel will fluctuate at high levels on Thursday.
SHFE 1609 nickel contract will meet resistance and move at RMB 69,500-71,000/mt.
In domestic spot market, traders will stockpile goods, while downstream producers will be cautious about buying. Spot nickel prices will rise slightly to RMB 68,800-70,500/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-4-14)
LME nickel prices
SHFE nickel prices
nickel prices
Ni price
base metal price forecast
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
LME Nickel to Fluctuate Narrowly (2017-10-17)
The spokesman of the 19th CPC National Congress will hold a press conference today.
Oct 17, 2017 09:37
LME Nickel to Find Support (2017-10-13)
EIA’s crude oil inventory posted the biggest declines, and losses in NYMEX crude oil narrowed.
Oct 13, 2017 09:37
LME Nickel to Remain Strong (2017-9-29)
Base metals rose due to expectations that China’s economy is growing steadily and progress of US tax reform.
Sep 29, 2017 09:41
LME Nickel Prices to Fall Further (2017-9-14)
LME nickel dropped overnight, and is expected to fall further today.
Sep 14, 2017 09:13
SMM Events & Webinars
All- Oct09
NET ZERO EUROPE - Solar & Energy Storage Summit
Oct 09 - 10,2024THE EGG BRUSSELS, BELGIUM
- Oct08
2nd Li-ion Battery Europe 2024
Oct 08 - 10,2024THE EGG BRUSSELS, BELGIUM
- Jun24
2024 Global Renewable Metal Industry Chain Summit
Jun 24 - 25,2024To foster international cooperation and dialogue among industry colleaguesKuala Lumpur , Malaysia
Shanghai Metals Market
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.
