Non-ferrous
PriceNewsPublicationDatabaseEventsConsultingNon-ferrous
Base metals
Minor metals
Precious metals
Scrap metals
Rare earth
News
Tsingshan Project to Support Nickel Price (2017-6-27)
Jun 27,2017 09:39
CSTprice review forecast
Source:SMM
US durable goods orders in May fell short of market expectations.
SHANGHAI, Jun. 27 (SMM) – US durable goods orders in May fell short of market expectations. The US dollar plunged but then rallied. Domestic stainless steel prices stopped rising. But the expected commissioning of Tsingshan’s stainless steel project in Indonesia will support nickel prices.
LME nickel will find support from USD 9,000/mt today, and SHFE 1709 nickel should hover between RMB 74,200-75,300/mt, with spot prices between RMB 73,500-76,100/mt. Profit at China’s large industrials in May will be eyed.
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 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 Find Support (2017-10-13)
EIA’s crude oil inventory posted the biggest declines, and losses in NYMEX crude oil narrowed.
Oct 13, 2017 09:37CST
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
LME Base Metals Price Movement during Chinese National Day Holiday
LME base metals mostly rose during September 29-October 6.
Oct 9, 2017 10:35CST
LME Nickel to Remain Strong (2017-9-29)
Base metals rose due to expectations that China’s economy is growing steadily and progress of US tax reform.
Sep 29, 2017 09:41CSTLME Base Metals Cash to 3-Month Backwardation/Contango (2017-9-25)
The table below shows cash to 3-month backwardation/contango of base metals on the LME.
Sep 26, 2017 10:42CST
LME Nickel Prices to Hover at Lows (2017-9-26)
Stainless steel sales cooled, with finished-product price down.
Sep 26, 2017 09:39CST
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 09:23CSTMost Read
data analysis
price review forecast
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.
