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Home / Metal News / Shanghai Spot Nickel to Rise (2016-9-2)

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

Sep 2, 2016 09:17

Source:SMM

Crude oil slumped due to oversupply.

SHANGHAI, Sep. 2 (SMM) – Crude oil slumped due to oversupply. Major economic indicators from the US released overnight fell short of market expectations, weighing down the US dollar index. LME nickel will move between the 5 and 10-day moving average today. January nickel on the SHFE will move between RMB 78,800-80,000/mt. Spot nickel in Shanghai will rise to RMB 77,300-78,900/mt.

LME nickel prices

SHFE nickel prices

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Stainless steel sales cooled, with finished-product price down.

Sep 26, 2017 09:39

SMM Comments

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

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

Gold price rose. Stainless steel consumption weakened recently, with prices continuing falling and narrowing its profit.

Sep 22, 2017 09:23

SMM Comments

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)

India Nickel Scrap, Nickel Futures gain on weak Dollar

India's major nickel scrap prices advanced on the Scrap Register Price Index as on Thursday in line with nickel futures prices at India's Multi Commodity Exchange boosted by a weaker dollar and bright

Jul 3, 2017 09:39

SMM Comments

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)

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

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

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

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