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Home / Metal News / SHFE Nickel to See Rising Momentum (2016-5-5)

SHFE Nickel to See Rising Momentum (2016-5-5)

May 5, 2016 09:45

SHFE 1609 nickel should be set for gains and range RMB 74,000-75,000/mt on May 5.

SHANGHAI, May 5 (SMM) – SHFE 1609 nickel should be set for gains and range RMB 74,000-75,000/mt on May 5.

US economic figures are mixed and US dollar will likely bounce back. Crude oil prices enter into rally track. Spot nickel will trade at RMB 72,500-73,500/mt with downstream poor demand.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-5)

SHFE nickel prices

LME nickel prices

Ni price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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Jinchuan Group raised its ex-works prices 300 yuan per tonne on May 11.

May 11, 2016 15:24

Reminder

Jinchuan Group Reduces Nickel Price by 1,500 yuan on May 10

Jinchuan Group axed its ex-works prices 1,500 yuan per tonne on May 10.

May 10, 2016 11:44

Reminder

Jinchuan Group Cuts Nickel Price by 500 yuan on May 9

Jinchuan Group reduced its ex-works prices 500 yuan per tonne on May 9.

May 9, 2016 17:50

Reminder

Jinchuan Group Cuts Nickel Price by 2,000 yuan on May 6

Jinchuan Group axed its ex-works prices 2,000 yuan per tonne on May 6.

May 6, 2016 13:31

Reminder

SHFE 1609 Nickel Ends Up 2.76% (2016-4-22)

On Thursday’s night trading, SHFE 1609 nickel fell from RMB 75,100/mt to RMB 70,500/mt following news that the SHFE and DCE would raise ferrous metals transaction fees.

Apr 22, 2016 20:12

SMM Comments

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

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

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

SHFE Nickel Ends Up 1.66% (Jan. 18, 2016)

SHFE 1605 nickel started last Friday night session at RMB 67,820/mt and bounced back to RMB 68,960/mt.

Jan 18, 2016 19:37

SMM Comments

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SHFE Nickel to See Rising Momentum (2016-5-5)

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2025 ASIA BATTERY MATERIAL COOPERATION SALON

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