Non-ferrous
PriceNewsPublicationDatabaseNon-ferrous
Base metals
Minor metals
Precious metals
Scrap metals
Rare earth
EventsConsulting
News
EventsConsultingSHFE 1709 Nickel Closed higher (2017-5-10)
May 10,2017 17:56
CSTprice review forecast
Source:SMM
SHFE 1709 nickel opened at RMB 76,900/mt today, and dipped to RMB 76,540/mt as longs left the market after profit-taking.
SHANGHAI, May 10 (SMM) – SHFE 1709 nickel opened at RMB 76,900/mt today, and dipped to RMB 76,540/mt as longs left the market after profit-taking. China’s April PPI rose 6.4% YoY, but growth fell for two months in a row. SHFE 1709 nickel met resistance from RMB 77,090/mt. In the afternoon, SHFE 1709 nickel hovered around RMB 76,020/mt, and closed at RMB 76,400/mt, up RMB 100/mt or 0.13%. Trading volumes on SHFE 1709 nickel increased 80,254 to 387,000, and positions decreased 7,856 to 561,000. Brent oil closed up 0.7%, breaking through USD 49/bbl. SHFE nickel is expected to hover at highs this evening.
nickel prices
LME nickel prices
SHFE nickel prices
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
LME Nickel to Stay Range-Bound (2017-10-23)
Shinzo Abe is expected to be re-elected as Japanese Prime Minister.
Oct 23, 2017 09:37CST
LME Nickel to Fluctuate Narrowly (2017-10-17)
The spokesman of the 19th CPC National Congress will hold a press conference today.
Oct 17, 2017 09:37CST
LME Nickel to Fluctuate at Highs (2017-10-16)
China’s September CPI due for release today is expected to fall, while PPI will rise.
Oct 16, 2017 09:51CST
LME Nickel to Find Support (2017-10-13)
EIA’s crude oil inventory posted the biggest declines, and losses in NYMEX crude oil narrowed.
Oct 13, 2017 09:37CSTSHFE Zinc Leads Price Declines, Ferrous Metals Plunge
SHFE base metals mostly fell on October 10 and closed with losses, except for nickel.
Oct 10, 2017 15:07CST
SHFE Nickel to Move at Highs (2017-10-10)
Nickel producers in Shandong’s Linyi are required to cut output by 50% in the following 4 months, which is more significantly than expected.
Oct 10, 2017 09:34CST
Most Read
data analysis
price review forecast
Nickel EVENTS
- May20
6th China International LiCoNi Summit
May 20 - 21,2021China International Lithium Ion Battery Materials Conference 2021Web-broadcasting
China Metals Market
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Copyright © 2021 SMM Information & Technology Co, Ltd. All rights reserved.
