SHFE Nickel Prices Up 0.07% (2017-3-7)

Published: Mar 7, 2017 17:39

Save

SHFE 1705 nickel opened at RMB 91,580/mt and ended at RMB 91,140/mt, up 0.07%.

SHANGHAI, Mar. 7 (SMM) – On Tuesday, SHFE 1705 nickel opened at RMB 91,580/mt and then fluctuated. During the afternoon trading, SHFE 1705 nickel declined slightly with falling ferrous metals, down as low as RMB 90,710/mt. The contract ended at RMB 91,140/mt, up 0.07%. Trading volumes reduced 153,000 to 349,000 lots and positions dropped 2,636 to 488,000.

SHFE 1705 nickel is expected to drop on Tuesday’s night trading and will find support at the 10-day moving average.

SHFE nickel LME nickel nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

Sep 11, 2026 18:00

Domestic High-Grade NPI Costs Drop, but Profit Margins Squeeze Amid Falling Selling Prices

[SMM Nickel Flash] Domestic high-grade NPI production costs declined this week. Lower Philippine nickel ore prices, coupled with a pullback in coke prices, reduced smelting raw material costs. However, NPI selling prices fell significantly over the same period, dragging on profitability and narrowing profit margins for domestic smelters.

Sep 11, 2026 18:00

SMM 10-12% High-Grade NPI Price Drops to 1,095.5 Yuan/Unit, Indonesia NPI FOB Index Falls to $141.14/Unit

[SMM Nickel Flash] The average price of SMM 10-12% high-grade NPI fell by 17.7 yuan/nickel unit WoW to 1,095.5 yuan/nickel unit (ex-factory, tax included), while the average price of the Indonesia NPI FOB index dropped by $2.93/nickel unit WoW to $141.14/nickel unit. This week, the high-grade NPI market continued to weaken, with the price center moving steadily lower. Upstream and downstream price negotiations intensified, and the market entered a stalemate, consolidating at lows.

Sep 11, 2026 18:00

Sep 11, 2026 17:45

[SMM Analysis] High-Grade NPI Prices Decline as Supply Recovers and Market Activity Slows

The average price of SMM 10-12% high-grade NPI fell WoW by 17.7 yuan/nickel unit to 1,095.5 yuan/nickel unit (ex-factory, tax included), and the average price of the Indonesia NPI FOB index fell WoW by $2.93/nickel unit to $141.14/nickel unit. This week, the high-grade NPI market continued to weaken, with the price center shifting steadily lower. Price negotiations between upstream and downstream intensified, and the market entered a phase of stagnant consolidation at lows.

Sep 11, 2026 17:45