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Home / Metal News / SHFE Nickel to Consolidate at Highs (2016-10-11)

SHFE Nickel to Consolidate at Highs (2016-10-11)

Oct 11, 2016 10:05

Source:SMM

Crude oil prices rose to a high but will lack ability to rise further. LME nickel will fall today.

SHANGHAI, Oct. 11 (SMM) – Crude oil prices rose to a high but will lack ability to rise further. LME nickel will fall today. January nickel on the SHFE will move between RMB 81,500-83,200/mt. Spot nickel in Shanghai will rise to RMB 80,600-82,300/mt.

nickel

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Shanghai base metals all trended higher on Monday morning boosted by the unexpectedly low US employment data. Meanwhile, their counterparts on LME trended mixed.

Oct 11, 2021 09:59

SMM Comments

SMM Morning Comments (Oct 11): Base Metals Rose across the Board on Low Employment Data

SMM Evening Comments (Oct 8): Shanghai Nonferrous Metals Closed with Gains amid Mitigated US Debt Risks

Shanghai nonferrous metals closed all in the positive territory as the US debt risks have been contemporarily mitigated.

Oct 8, 2021 19:00

SMM Comments

SMM Evening Comments (Oct 8): Shanghai Nonferrous Metals Closed with Gains amid Mitigated US Debt Risks

SMM Morning Comments (Sep 15): Base Metals Fell across the Board against Peaking Inflation

Shanghai base metal basically trended lower on Wednesday morning against the lower-than-expected US CPI increase in August. Meanwhile, their counterparts on LME mostly cruised higher.

Sep 15, 2021 10:00

SMM Comments

SMM Morning Comments (Sep 15): Base Metals Fell across the Board against Peaking Inflation

Import Window Remained Open to Drive Continued Declines in Pure Nickel Inventory from Bonded Zones

According to SMM survey, import profits rose as the SHFE/LME nickel price ratio advanced this week. In addition, traders that had locked in the SHFE/LME price ratio last week moved goods into the domestic market for delivery.

Sep 10, 2021 17:01

Analysis

Import Window Remained Open to Drive Continued Declines in Pure Nickel Inventory from Bonded Zones

SMM Morning Comments (Sep 8): Most SHFE Base Metals Ended Lower as US Dollar Rebounded for Two Consecutive Days

Shanghai base metals mostly fell in the evening trading on Tuesday as the US dollar index rebounded for two consecutive days.

Sep 8, 2021 09:56

SMM Comments

SMM Morning Comments (Sep 8): Most SHFE Base Metals Ended Lower as US Dollar Rebounded for Two Consecutive Days

Philippine Nickel Output Surged 39% and Copper Output Plummeted 24% YoY

The latest data released by the Philippine Bureau of Mines and Geological Sciences show that in the first half of 2021, the Philippines produced a total of 151,646 mt of nickel, up 39% on the year, valued 21.42 billion pesos.

Sep 3, 2021 17:28

Analysis

Philippine Nickel Output Surged 39% and Copper Output Plummeted 24% YoY

Nickel Inventory in Bonded Zone Declined amid Wider Import Profits

Pure nickel inventory in the bonded zone declined over 1,400 mt this week, according to SMM data.

Sep 3, 2021 15:47

Analysis

Nickel Inventory in Bonded Zone Declined amid Wider Import Profits

Zinc, Copper and Nickel Mining by Chinese Companies Approved in Myanmar

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Jan 4, 2016 17:32

Industry

Chinese metal producers demand buyout of surplus metal

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Nov 30, 2015 17:40

Industry

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The most active SHFE 1507 nickel opened Wednesday’s evening session at RMB 101,190/mt and then lurched up to RMB 103,530/mt.

Apr 30, 2015 17:47

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SHFE Nickel to Consolidate at Highs (2016-10-11)

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2nd Li-ion Battery Europe 2024

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