SHFE 1801 Nickel Closes With Losses (2017-8-8)

Published: Aug 08, 2017 17:37 (GMT+8)

Save

SHFE 1801 nickel opened at RMB 85,140/mt today and reached RMB 85,230/mt.

SHANGHAI, Aug. 8 (SMM) – SHFE 1801 nickel opened at RMB 85,140/mt today and reached RMB 85,230/mt. China’s July import and export data fell short of market expectations and June’s.

In the afternoon, SHFE 1801 nickel fell to RMB 84,030/mt and closed at RMB 84,300/mt, down RMB 180/mt or 0.21%. Trading volumes on SHFE 1801 nickel decreased 21,000 to 427,000, and positions increased 17,500 to 382,000. SHFE 1801 nickel will remain range-bound 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

11 hours ago

[SMM Stainless Steel Flash] India Extends AD Probe on Stainless CRC from China, Indonesia and Vietnam by 6 Months

India's Directorate General of Trade Remedies (DGTR) issued a notification on September 22, confirming the central government's approval to extend the anti-dumping investigation deadline on stainless steel cold-rolled flat products originating in or exported from China, Indonesia, and Vietnam by six months, from September 28, 2026 to March 28, 2027. The extension maintains the original product scope covering 300 and 400 series coils, strips, sheets, plates, and circles, without issuing any findings or preliminary duty rates. The investigation, which commenced on September 29, 2025, covers specific austenitic, ferritic, and martensitic grades, excluding hot-rolled flat products, duplex grades, and 200-series products with specific nickel content levels.

11 hours ago

Sep 24, 2026 16:47 (GMT+8)

[SMM Analysis] Indonesian Production Cuts and Pre-Holiday Caution Slow the Decline in NPI Prices

Indonesian production cuts slowed the decline in NPI prices, but rising port inventories and weak stainless steel demand kept buyers cautious. The NPI discount to refined nickel widened, modestly improving the economics of conversion to high grade matte, though direct NPI sales remained more profitable.

Sep 24, 2026 16:47 (GMT+8)

Sep 24, 2026 16:35 (GMT+8)

[SMM Analysis] Downstream Demand Shows No Improvement as Nickel Intermediate Prices Diverge

MHP payables weakened amid ample supply and cautious downstream buying, while high grade nickel matte payables held steady. Despite a rebound in benchmark nickel prices, MHP’s nickel and cobalt component prices fell. Nickel intermediates are expected to remain under pressure in the near term.

Sep 24, 2026 16:35 (GMT+8)