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

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / SHFE Nickel to Fluctuate at Lows (2017-4-12)

SHFE Nickel to Fluctuate at Lows (2017-4-12)

Apr 12, 2017 09:31

Source:SMM

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.

SHANGHAI, Apr. 12 (SMM) – Nickel ore shipments increase sharply recently while downstream steel mills have high inventories, weakening fundamentals. 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.

In China’s domestic market, spot nickel should trade at RMB 81,000-82,000/mt on Wednesday.

SHFE nickel

LME nickel

nickel prices

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

LME nickel price hit a record high since 2015 on declining inventory, US sanctions against Russia and downstream demand from the new-energy vehicle industry, SMM believes.

Apr 19, 2018 10:58

SMM Comments SMM Insight

LME nickel price soars on low inventory, market panic and downstream demand

SHFE Nickel Finishes with Small Losses (2017-4-17)

SHFE 1709 nickel, the most actively traded one, opened at RMB 81,090/mt and closed at RMB 80,690/mt, down RMB 740 or 0.91%.

Apr 17, 2017 17:41

SMM Comments

LME Nickel to End with Losses (2017-4-7)

LME nickel will fluctuate at around the 20-day moving average on Friday and SHFE 1709 nickel will move at RMB 84,500-85,500/mt.

Apr 7, 2017 09:42

SMM Comments

LME Nickel to End with Losses (2017-4-7)

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

LME nickel and SHFE 1709 nickel will stay firm on Thursday. SHFE 1709 nickel will move at RMB 85,800-86,800/mt.

Apr 6, 2017 09:50

SMM Comments

SHFE Nickel Finishes with Losses (2017-3-23)

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

Mar 23, 2017 17:12

SMM Comments

SHFE Nickel Finishes with Losses (2017-3-23)

LME Nickel to Move at Lows (2017-3-22)

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

Mar 22, 2017 10:03

SMM Comments

LME Nickel to Find Support (2017-3-10)

LME nickel will find support at downside of Bollinger brand and SHFE 1705 nickel will move between RMB 83,600-85,200/mt on Friday.

Mar 10, 2017 09:56

SMM Comments

SHFE Nickel Closes with Gains (2017-3-1)

SHFE 1705 nickel opened at RMB 90,920/mt and ended at RMB 91,090/mt, up 0.19%

Mar 1, 2017 17:07

SMM Comments

SHFE Nickel Closes with Gains (2017-3-1)

SHFE Nickel to See Range-Bound Trading (2017-1-13)

SHFE 1705 nickel will move at RMB 84,000-87,000/mt on Friday.

Jan 13, 2017 09:58

SMM Comments

SHFE Nickel to See Range-Bound Trading (2017-1-13)

SHFE Nickel Prices Up 1.51% (2017-1-10)

SHFE 1705 nickel started at RMB 86,680/mt and finally ended at RMB 87,130/mt, up 1.51%.

Jan 10, 2017 17:05

SMM Comments

SMM Events & Webinars

All

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
Apr
16
- CLNB 2025 (10th) China International New Energy Industry Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

SHFE Nickel to Fluctuate at Lows (2017-4-12)

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 (10th) China International New Energy Industry Expo