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Home / Metal News / SHFE Nickel Trades Up (May 11, 2016)

SHFE Nickel Trades Up (May 11, 2016)

May 11, 2016 16:54

SHFE 1609 nickel started at RMB 69,050/mt overnight and ranged RMB 69,000-69,400/mt, to close at RMB 69,310/mt.

SHANGHAI, May 11 (SMM) – SHFE 1609 nickel started at RMB 69,050/mt overnight and ranged RMB 69,000-69,400/mt, to close at RMB 69,310/mt.

SHFE 1609 nickel opened at RMB 69,350/mt on Wednesday and then moved higher to RMB 69,700/mt before moving at RMB 69,000-69,700/mt. The contract narrowly ranged RMB 69,350-69,600/mt and ended at RMB 69,400/mt, up 0.27%. Trading volumes were down 172,000 to 774,000 lots and positions were up 8,136 to 606,000.

SHFE 1609 nickel may grow marginally tonight.

SHFE nickel prices

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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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 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

Shanghai Spot Nickel Prices to Rise (2016-1-15)

Risk appetite improved after negative news was absorbed.

Jan 15, 2016 10:13

SMM Comments

SHFE Nickel Up 0.8% (Dec. 31, 2015)

SHFE 1605 nickel opened Wednesday night session at RMB 70,100/mt and then narrowly ranged RMB 69,880-70,400/mt.

Dec 31, 2015 19:05

SMM Comments

SHFE Nickel to Fall on Wait-and-See Posture (2015-12-17)

The US dollar rose after Fed interest rate increase, and LME nickel saw shorts closing positions.

Dec 17, 2015 10:01

SMM Comments

SHFE Nickel Prices off 2.21% (Nov. 5, 2015)

SHFE 1601 nickel started Wednesday night session at RMB 75,700/mt and closed the session at RMB 75,730/mt.

Nov 5, 2015 16:57

SMM Comments

SHFE Nickel Closes with Losses (Nov. 2, 2015)

SHFE 1601 nickel opened at RMB 77,100/mt last Friday night and ranged between RMB 76,900-77,300/mt, to end at RMB 76,640/mt.

Nov 2, 2015 19:35

SMM Comments

Jinchuan Group Sees Nickel Prices to Rally in Q4

Nickel prices in China’s domestic market are expected to rally during Q4, Simon Bao, Deputy Marketing General Manager of Jinchuan Group, was quoted as saying.

Sep 22, 2015 10:29

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SHFE Nickel Trades Up (May 11, 2016)

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