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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

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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 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

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

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

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

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SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025