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Home / Metal News / Shanghai Spot Nickel to Stabilize (2016-9-23)

Shanghai Spot Nickel to Stabilize (2016-9-23)

Sep 23, 2016 09:39

Source:SMM

US existing home sales in August fell short of market expectations. Crude oil inventories fell, and oil prices surged initially before falling.

SHANGHAI, Sep. 23 (SMM) – US existing home sales in August fell short of market expectations. Crude oil inventories fell, and oil prices surged initially before falling.

LME nickel will remain high today. January nickel on the SHFE will move between RMB 81,200-83,200/mt. Spot nickel in Shanghai will stabilize between RMB 80,200-81,700/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

Industry

LME Nickel Poised to Rise in 2018, SMM Predicts

Morgan Stanley Sees Nickel Price Higher on Supply Shortages

Morgan Stanley estimates that supply deficit expansion in nickel market will support its price in the medium and long term.

Oct 9, 2017 10:24

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Morgan Stanley Sees Nickel Price Higher on Supply Shortages

LME Nickel to Fluctuate at Current Level (2017-8-15)

New York Fed’s Robert Dudley said he support the Fed to raise interest rate for another time this year if economic growth remains on track, leaving the US dollar strong and weighing down ferrous metal

Aug 15, 2017 09:24

SMM Comments

LME Nickel to Fluctuate at Current Level (2017-8-15)

SHFE 1801 Nickel Closes Higher (2017-8-4)

SHFE 1801 nickel opened at RMB 84,860/mt today and hovered around RMB 84,400-85,110/mt, with the low-end of RMB 84,400/mt.

Aug 4, 2017 18:56

SMM Comments

SHFE 1801 Nickel Closes Higher (2017-8-4)

LME Nickel to Drop, SMM Predicts

SHFE nickel outperformed LME nickel last week, with bigger gains, and what’s outlook for nickel market this week?

Jul 24, 2017 14:04

SMM Insight Industry

SHFE 1709 Nickel Closes Higher (2017-5-17)

SHFE 1709 nickel opened at RMB 76,500/mt today, and inched down to RMB 76,400/mt as longs exited the market with profit-taking.

May 17, 2017 17:17

SMM Comments

LME Nickel to Hover at Lows (2017-4-27)

Trump’s health care reform plan made no substantive progress, weighing down the US dollar.

Apr 27, 2017 09:13

SMM Comments

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

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

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Shanghai Spot Nickel to Stabilize (2016-9-23)

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