Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Shanghai Spot Nickel to Fall (2016-5-6)

Shanghai Spot Nickel to Fall (2016-5-6)

May 6, 2016 09:48

Source:SMM

LME nickel is expected to rally today. September nickel on the SHFE will move between RMB 70,000-72,500/mt.

SHANGHAI, May 6 (SMM) – LME nickel is expected to rally today. September nickel on the SHFE will move between RMB 70,000-72,500/mt. Spot nickel in Shanghai will drop to RMB 69,500-71,500/mt. Downstream buyers are advised to purchase at lows.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-6)

SHFE nickel prices

LME nickel prices

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SHFE 1701 Nickel to Rebound (2016-9-13)

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

SMM Comments

SHFE Nickel Closes with Gains (2016-8-9)

SHFE 1701 nickel started at RMB 84,190/mt and later dived to a session-low of RMB 83,310/mt before ending at RMB 83,790/mt, up 0.11%.

Aug 9, 2016 17:28

SMM Comments

SHFE Nickel Edges down (Jul. 14 , 2016)

SHFE 1609 nickel opened at RMB 80,800/mt overnight and then ranged between RMB 80,200-81,100/mt.

Jul 14, 2016 17:45

SMM Comments

SHFE Nickel Trades Higher (Jun. 21 , 2016)

SHFE 1609 nickel started at RMB 72,800/mt and ranged RMB 72,400-72,900/mt, to end at RMB 72,820/mt.

Jun 21, 2016 17:32

SMM Comments

SHFE Copper Trades Lower (Jun. 14, 2016)

Overnight, SHFE 1608 copper started lower at RMB 35,200/mt and grew to RMB35,540/mt, to end at RMB 35,390/mt, up RMB 110/mt.

Jun 14, 2016 16:42

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

SMM Events & Webinars

All

Nov
24
- 2024 SMM Middle East Secondary Metal Field Trip
  Nov 24 - Dec 01,2024
  UAE
Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China

Shanghai Spot Nickel to Fall (2016-5-6)

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo