SHFE 1709 Nickel Closes Lower (2017-5-23)

Published: May 23, 2017 17:50 (GMT+8)

Save

SHFE 1709 nickel opened at RMB 78,080/mt today, and met resistance from RMB 78,420/mt.

SHANGHAI, May 23 (SMM) – SHFE 1709 nickel opened at RMB 78,080/mt today, and met resistance from RMB 78,420/mt. In the afternoon, ferrous metals plunged. SHFE 1709 nickel erased all gains in the morning, and closed at RMB 77,630/mt, down RMB 220/mt or 0.28%. Trading volumes on SHFE 1709 nickel decreased 232,000 to 361,000, and positions decreased 1,790 to 550,000. SHFE nickel is expected to fluctuate at current level this evening.

nickel prices LME nickel prices SHFE nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

17 mins ago

Data: SHFE, DCE market movement (Sep 29)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 29 Sep , 2026

17 mins ago

34 mins ago

[SMM Nickel Market Flash] NiWest DFS Outlines 35-Year Mine Life with 84.7 Mt Ore Reserve

The 2024 definitive feasibility study for Alliance Nickel’s NiWest project outlines a 35-year open-pit operation producing battery-grade nickel-cobalt sulphate. The project has an ore reserve of 84.7 million tonnes grading 0.94% nickel and 0.06% cobalt, with a post-tax NPV of about A$1.5 billion and a post-tax IRR of 17.6%. Alliance Nickel is now using its vat-leach test program to refine the project flowsheet and capital requirements ahead of further feasibility updates.

34 mins ago

35 mins ago

[SMM Nickel Market Flash] Alliance Nickel Advances NiWest to Phase 2 Vat Leach Testing

Alliance Nickel has completed Phase 1 vat leach testing at its NiWest nickel-cobalt project in Western Australia. A roughly 2-tonne ore sample was tested for ore sizing, agglomeration conditions, leach kinetics and nickel-cobalt recovery performance. Following encouraging initial results, the company has approved Phase 2 testing to better simulate commercial operating conditions and assess ore variability across the Mt Kilkenny orebody, with completion targeted by year-end. Small Caps

35 mins ago