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Home / Metal News / SHFE 1701 Nickel to Rebound (2016-9-13)

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

Sep 13, 2016 09:18

Source:SMM

The US dollar index weakened overnight due to Fed official’s dovish statement. Crude oil erased some losses.

SHANGHAI, Sep. 13 (SMM) – The US dollar index weakened overnight due to Fed official’s dovish statement. Crude oil erased some losses. LME nickel will rebound today. January nickel on the SHFE will fluctuate between RMB 79,000-80,500/mt. Spot nickel in Shanghai will move between RMB 77,800-78,800/mt.

SHFE nickel prices

LME nickel price

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LME nickel price is expected to average at $11,000-11,500 per tonne in 2018, SMM nickel analyst predicts at China Nonferrous Metals Industry Annual Meeting 2017 & SMM Nonferrous Metals Price Forecast.

Oct 30, 2017 16:29

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Jul 24, 2017 14:04

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SHFE 1709 Nickel Posts 4-day Losing Streak (2017-4-19)

SHFE 1709 nickel opened at RMB 78,400/mt today and dipped to RMB 78,060/mt, and then rallied to moving average.

Apr 19, 2017 16:50

SMM Comments

SHFE 1709 Nickel Posts 4-day Losing Streak (2017-4-19)

Nickel Price to Keep Fluctuating, SMM Expects

As of 15:00 Friday, LME nickel was $11,370 per tonne, down 0.96 per cent on a weekly basis.

Dec 9, 2016 20:20

SMM Insight Industry

Nickel Price to Keep Fluctuating, SMM Expects

SHFE Nickel Ends with Small Gains (2016-9-19)

SHFE 1701 nickel opened lower at RMB 77,990/mt and closed at RMB 78,960/mt, up 0.53%.

Sep 19, 2016 17:21

SMM Comments

LME Nickel to Rise to $10,800 per tonne in September, SMM Expects

LME nickel is expected to advance to $10,800 per tonne in September, Shanghai Metals Market foresees.

Sep 18, 2016 16:32

SMM Comments

SHFE Nickel Prices Close with Small Losses (2016-9-13)

SHFE 1701 nickel started at RMB 79,410/mt and closed at RMB 79,310/mt, down 0.97%.

Sep 13, 2016 17:25

SMM Comments

None Chinese Market Players Optimistic toward Nickel, SMM Surveys

SMM surveyed 30 market participants to find that 5 are bullish toward nickel price this week, 19 are neutral and 11 are bearish.

Sep 13, 2016 11:50

SMM Comments

LME Nickel to Advance, SMM Expects

LME nickel is expected to advance in the coming week, Shanghai Metals Market foresees.

Sep 9, 2016 16:51

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

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

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