LME Nickel to Stay Firm (2017-4-6)

On October 3rd 2025, Regulation of the Minister of Energy and Mineral Resources Number 17 of 2025 on Procedures for the Preparation, Submission, and Approval of Work Plans and Budgets, and for the Reporting of the Implementation of Mineral and Coal Mining Activities in 2026 has officially released. This regulation is revising the initial three-year period back to annual period in 2026, although several IUP has received 2026's quota from the previous approvals in 2024 and 2025, annuling the initial quota that has been approved.

SHFE 1709 nickel opened at RMB 77,750/mt and ended at RMB 76,270/mt, down RMB 1,810/mt or 2.32%.

SHFE 1709 nickel will fluctuate at RMB 77,200-78,200/mt, with spot prices trading at RMB 76,000-78,300/mt.

Nickel prices declined below all the moving averages on Tuesday’s night trading and will fluctuate at lows on Wednesday. SHFE 1709 nickel will move at RMB 82,000-83,000/mt.

SHFE 1709 nickel started at RMB 84,370/mt and closed at RMB 84,860/mt, up RMB 590/mt or 0.70%.

SHFE 1705 nickel opened at RMB 83,200/mt and ended at RMB 82,990/mt, down RMB 580/mt or 0.69%.

LME nickel is expected to fluctuate at lows on Wednesday and SHFE 1705 nickel will move at RMB 83,200-84,600/mt.

SHFE 1705 nickel opened at RMB 82,650/mt and closed at RMB 84,070/mt, down 0.44%.

SHFE 1705 nickel opened at RMB 84,370/mt and closed at RMB 84,130/mt, down 5.49%.

SHFE 1705 nickel opened at RMB 91,440/mt and closed at RMB 91,150/mt, up RMB 710/mt or 0.79%.