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Home / Metal News / Shanghai Spot Nickel to Inch down (2016-9-27)

Shanghai Spot Nickel to Inch down (2016-9-27)

Sep 27, 2016 09:30

Source:SMM

The market will keep an eye on US presidential debate.

SHANGHAI, Sep. 26 (SMM) – The market will keep an eye on US presidential debate.

LME nickel will meet resistance from the 5-day moving average today. January nickel on the SHFE will move between RMB 80,000-82,000/mt. Spot nickel in Shanghai will fall to RMB 79,300-81,000/mt.

SHFE nickel prices

LME nickel price

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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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

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

LME Nickel Price to Fluctuate at Highs (2017-7-17)

Sluggish US inflation will depressed amrekt expectations that the Fed will raise interest rate further this year, positively affecting the US dollar.

Jul 17, 2017 09:40

SMM Comments

LME Nickel Price to Fluctuate at Highs (2017-7-17)

LME Nickel Price to Move at Lows (2017-7-10)

Baker Hughes rig count for the week ending July 7 grew further.

Jul 10, 2017 09:47

SMM Comments

LME Nickel Price to Move at Lows (2017-7-10)

SHFE 1709 Nickel Finishes Higher (2017-7-4)

SHFE 1709 nickel opened at RMB 76,710/mt today, and touched RMB 76,730/mt.

Jul 4, 2017 17:59

SMM Comments

SHFE 1709 Nickel Finishes Higher (2017-7-4)

SHFE 1709 Nickel Closes Higher (2017-6-30)

SHFE 1709 nickel opened at RMB 76,460/mt today, and followed a “V” curve in the morning, dipping to RMB 75,810/mt and then stabilizing.

Jun 30, 2017 19:38

SMM Comments

SHFE 1709 Nickel Closes Higher (2017-6-30)

LME Nickel Price to Stay Range-Bound (2017-6-30)

The US dollar slumped. Lybia oil output hit the highest in 4 years, pushing down NYMEX August oil prices.

Jun 30, 2017 09:39

SMM Comments

LME Nickel Price to Stay Range-Bound (2017-6-30)

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

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Shanghai Spot Nickel to Inch down (2016-9-27)

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