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 / LME Nickel to See Corrections (2017-4-28)

LME Nickel to See Corrections (2017-4-28)

Apr 28, 2017 09:14

Source:SMM

European Central Bank left rate unchanged. US March core durable goods orders slid.

SHANGHAI, Apr. 28 (SMM) – European Central Bank left rate unchanged. US March core durable goods orders slid. The Philippines forbid open pit mining operation, boosting nickel futures. But nickel futures will unlikely rise significantly given expectations of sufficient nickel ore supply and limited improvement in downstream demand. LME nickel will meet pressure from the 5-day moving average today, and SHFE 1709 nickel should hover between RMB 77,500-79,000/mt, with spot prices between RMB 76,000-79,000/mt.

nickel prices

LME nickel prices

SHFE 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

Stainless steel sales cooled, with finished-product price down.

Sep 26, 2017 09:39

SMM Comments

LME Nickel Prices to Hover at Lows (2017-9-26)

LME Nickel Prices to Hover at Lows (2017-9-22)

Gold price rose. Stainless steel consumption weakened recently, with prices continuing falling and narrowing its profit.

Sep 22, 2017 09:23

SMM Comments

LME Nickel Prices to Hover at Lows (2017-9-22)

SHFE 1801 Nickel Finishes Higher (2017-8-25)

SHFE 1801 nickel opened at RMB 94,340/mt today and then fell to RMB 93,530/mt.

Aug 25, 2017 19:39

SMM Comments

SHFE 1801 Nickel Finishes Higher (2017-8-25)

India Nickel Scrap, Nickel Futures gain on weak Dollar

India's major nickel scrap prices advanced on the Scrap Register Price Index as on Thursday in line with nickel futures prices at India's Multi Commodity Exchange boosted by a weaker dollar and bright

Jul 3, 2017 09:39

SMM Comments

India Nickel Scrap, Nickel Futures gain on weak Dollar

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

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

Apr 24, 2017 09:37

SMM Comments

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

SHFE 1701 Nickel to Rebound (2016-9-13)

The US dollar index weakened overnight due to Fed official’s dovish statement. Crude oil erased some losses.

Sep 13, 2016 09:18

SMM Comments

Shanghai Spot Nickel to Rise (2016-9-2)

Crude oil slumped due to oversupply.

Sep 2, 2016 09:17

SMM Comments

3% Chinese Market Players Optimistic toward Nickel, SMM Surveys

SMM surveyed 30 market participants to find that 1 are bullish toward nickel price this week, 13 are neutral and 16 are bearish.

Aug 23, 2016 10:25

SMM Comments

SHFE Nickel Ends Lower (2016-8-15)

SHFE 1701 nickel started at RMB 80,710/mt and then posted gains. During the afternoon business, SHFE 1701 nickel fluctuated at RMB 81,200-81,600/mt and ended at RMB 80,850/mt, down 2.91%.

Aug 15, 2016 17:19

SMM Comments

SHFE Nickel Ends with Losses (2016-8-12)

SHFE 1701 nickel started at RMB 83,650/mt and dropped below the 20-day moving average to a session-low of RMB 82,600/mt later before finally closding at RMB 83,100/mt, down 1.25%.

Aug 12, 2016 15:49

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

LME Nickel to See Corrections (2017-4-28)

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