Nickel Ore Prices to Advance on Supply Shortages, SMM Expects-Shanghai Metals Market

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Nickel Ore Prices to Advance on Supply Shortages, SMM Expects

SMM Insight 04:10:21PM Nov 22, 2016 Source:SMM

SHANGHAI, Nov. 22 (SMM) – Nickel ore prices are expected to advance in the short term, Shanghai Metals Market foresees.  

“Supply in nickel ore market is tightening with the monsoon season in Surigao, the Philippines, while buying demand remains in place,” SMM nickel analyst explains.

Nickel Ore Inventories Fall 370,000 Wmt at Seven Major Chinese Ports 

CIF offers for Ni 1.5% ore are now up to $ 47-48 per tonne, SMM learns. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Price

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SMM #1 Nickel
Jul.16
107000.0
850.0
(0.80%)
#1 JinChuan Nickel
Jul.16
107750.0
750.0
(0.70%)
SHFE nickel contract premium/discount
Jul.01
1050.0
0.0
(0.00%)
#1 Import Nickel
Jul.16
106250.0
800.0
(0.76%)
SHFE nickel contract premium/discount
Jul.01
-550.0
0.0
(0.00%)

Nickel Ore Prices to Advance on Supply Shortages, SMM Expects

SMM Insight 04:10:21PM Nov 22, 2016 Source:SMM

SHANGHAI, Nov. 22 (SMM) – Nickel ore prices are expected to advance in the short term, Shanghai Metals Market foresees.  

“Supply in nickel ore market is tightening with the monsoon season in Surigao, the Philippines, while buying demand remains in place,” SMM nickel analyst explains.

Nickel Ore Inventories Fall 370,000 Wmt at Seven Major Chinese Ports 

CIF offers for Ni 1.5% ore are now up to $ 47-48 per tonne, SMM learns. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.