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Home / Metal News / LME Nickel to Move at Highs (2017-5-22)

LME Nickel to Move at Highs (2017-5-22)

May 22, 2017 09:25

Source:SMM

Fed officials are split on rate hike in June due to US political scandal, weighing on the US dollar.

SHANGHAI, May 22 (SMM) – Fed officials are split on rate hike in June due to US political scandal, weighing on the US dollar. All OPEC countries agreed to extend oil production cut, leaving oil prices high. SHFE 1709 nickel should hover between RMB 77,200-79,000/mt, with spot prices between RMB 76,000-79,400/mt.

nickel prices

LME nickel prices

SHFE nickel prices

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Mar 30, 2016 14:08

Reminder

SHFE Nickel Closes with Small Gains (Mar. 29, 2016)

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Mar 29, 2016 15:41

SMM Comments

Chinese Stainless Steel Mills Increase Nickel Plate Purchases, SMM Reports

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Industry

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Prices for low-grade NPI rose 10 yuan on Mar. 21 in China’s domestic spot market, according to SMM data.

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Industry

Shanghai Spot Nickel Prices to Climb (2016-2-22)

LME nickel is expected to maintain upward momentum on news that the Philippines will reduce nickel ore supply.

Feb 22, 2016 09:52

SMM Comments

Shanghai Spot Nickel Prices to Remain Firm (2016-2-19)

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SMM Comments

Shanghai Spot Nickel Prices to Stabilize (2016-2-4)

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Feb 4, 2016 10:46

SMM Comments

SHFE Nickel Ends Up 1.66% (Jan. 18, 2016)

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Jan 18, 2016 19:37

SMM Comments

Shanghai Spot Nickel Prices to Rise (2016-1-15)

Risk appetite improved after negative news was absorbed.

Jan 15, 2016 10:13

SMM Comments

SHFE Nickel Up 0.8% (Dec. 31, 2015)

SHFE 1605 nickel opened Wednesday night session at RMB 70,100/mt and then narrowly ranged RMB 69,880-70,400/mt.

Dec 31, 2015 19:05

SMM Comments

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LME Nickel to Move at Highs (2017-5-22)

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Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025