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Home / Metal News / LME Nickel to Fluctuate at Lows (2017-4-24)

LME Nickel to Fluctuate at Lows (2017-4-24)

Apr 24, 2017 09:37

Source:SMM

Crude oil prices fell below USD 50/bbl overnight with market pessimism prevailing in the market.

SHANGHAI, Apr. 24 (SMM) – Crude oil prices fell below USD 50/bbl overnight with market pessimism prevailing in the market. Emmanuel Macron won Sunday’s first round of French presidential election. The euro jumped and gold plunged. The US dollar opened low and then rallied.

China Nickel Ore Inventories Grow Finally, SMM Reports, with Bearish Outlook for Price

LME nickel will consolidate at lows today, and SHFE 1709 nickel should hover between RMB 78,000-79,800/mt, with spot prices between RMB 76,800-79,800/mt.

nickel prices

LME nickel prices

SHFE nickel prices

For queries, please contact William Gu at williamgu@smm.cn

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New York Fed’s Robert Dudley said he support the Fed to raise interest rate for another time this year if economic growth remains on track, leaving the US dollar strong and weighing down ferrous metal

Aug 15, 2017 09:24

SMM Comments

LME Nickel to Fluctuate at Current Level (2017-8-15)

SHFE 1801 Nickel Closes Higher (2017-8-4)

SHFE 1801 nickel opened at RMB 84,860/mt today and hovered around RMB 84,400-85,110/mt, with the low-end of RMB 84,400/mt.

Aug 4, 2017 18:56

SMM Comments

SHFE 1801 Nickel Closes Higher (2017-8-4)

SHFE 1709 Nickel Closes Higher (2017-5-17)

SHFE 1709 nickel opened at RMB 76,500/mt today, and inched down to RMB 76,400/mt as longs exited the market with profit-taking.

May 17, 2017 17:17

SMM Comments

LME Nickel to Hover at Lows (2017-4-27)

Trump’s health care reform plan made no substantive progress, weighing down the US dollar.

Apr 27, 2017 09:13

SMM Comments

SHFE Nickel Prices Down 0.99% (2016-8-26)

SHFE 1701 nickel started at RMB 78,450/mt and ended at RMB 78,310/mt, down 0.99%.

Aug 26, 2016 17:05

SMM Comments

SHFE Nickel to Hover in Narrow Range (2016-8-17)

Crude oil picked up.

Aug 17, 2016 09:31

SMM Comments

SHFE 1701 Nickel Trades Down (2016-8-5)

SHFE 1701 nickel started at RMB 81,600/mt last night and ended at RMB 82,960/mt.

Aug 5, 2016 17:43

SMM Comments

33% Market Players in China Bullish toward Nickel, SMM Survey

SMM surveyed 30 market players to find that 10 are bullish, 15 are neutral and 5 are bearish.

Jun 7, 2016 10:40

SMM Comments

Shanghai Spot Nickel to Hold Stable (2016-5-11)

Crude oil producing countries continued to increase output.

May 11, 2016 09:41

SMM Comments

LME Nickel to Face Pressure (2016-5-9)

The US dollar index remained strong.

May 9, 2016 10:06

SMM Comments

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LME Nickel to Fluctuate at Lows (2017-4-24)

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