Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Shanghai Spot Nickel to Rise (2016-9-28)

Shanghai Spot Nickel to Rise (2016-9-28)

Sep 28, 2016 09:33

Source:SMM

US stocks closed with gains yesterday.

SHANGHAI, Sep. 28 (SMM) – US stocks closed with gains yesterday. Saudi Arabia oil minister sees no chance that an agreement will be reached to freeze oil output, pushing down oil prices. But with support from news from the Philippines, nickel should remain high.

LME nickel will meet resistance from USD 11,030/mt today. January nickel on the SHFE will move between RMB 80,800-83,200/mt. Spot nickel in Shanghai will rise to RMB 80,500-82,300/mt.

nickel prices

SHFE nickel prices

LME nickel price

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

On Wednesday, LME nickel is expected to fluctuate around USD 11,000/mt, and SHFE 1801 nickel will trade between RMB 87,700-88,700/mt.

Oct 11, 2017 09:19

SMM Comments

LME Nickel to Fluctuate around USD 11,000/mt (2017-10-11)

What’re Major Influential Factors in Short-Term Nickel Market? SMM Reports

After a recent surge, what’re major influential factors in the nickel market in the short term? Market players are advised to eye on following factors for a clear direction.

Aug 25, 2017 15:57

SMM Insight

What’re Major Influential Factors in Short-Term Nickel Market? SMM Reports

LME Nickel to Remain Strong (2017-8-24)

Nickel market now gets boost from strong demand from stainless steel sector.

Aug 24, 2017 10:15

SMM Comments

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

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

Shanghai Spot Nickel to Advance (2016-9-29)

OPEC countries reached a deal to freeze output, boosting oil prices. Gold plummeted, and the US dollar weakened.

Sep 29, 2016 09:50

SMM Comments

SMM Events & Webinars

All

Nov
24
- 2024 SMM Middle East Secondary Metal Field Trip
  Nov 24 - Dec 01,2024
  UAE
Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China

Shanghai Spot Nickel to Rise (2016-9-28)

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