Imported Nickel Sees Losses Expanding

Published: Aug 21, 2017 17:47

Save

On Monday, losses of imported nickel expanded as the rise on LME nickel was bigger than that in China’s domestic Russian nickel.

SHANGHAI, Aug. 21 (SMM) – On Monday, losses of imported nickel expanded as the rise on LME nickel was bigger than that in China’s domestic Russian nickel.

Jinchuan Group Lifts Nickel Price by 3,500 yuan on Aug. 21

SMM learns that sparse deals were heard on Monday, with import premiums unchanged between $190-200 per tonne.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

nickel price nickel imports import premiums

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 to learn 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

12 mins ago

[SMM Stainless Steel Flash] Taiwan, China’s Yusco Hikes Stainless Prices for Fifth Straight Month

Yieh United Steel Corp. announced further price increases for April 2026, marking its fifth consecutive monthly hike since December 2025. The mill raised surcharges for 304 and 316L series by NT$4,000/ton, while the 430 series rose by NT$1,500/ton. The cumulative growth for 304 products has now reached NT$19,500 over five months. These adjustments are driven by soaring energy costs amid Middle East tensions and tight supplies of ferrochrome and scrap. Additionally, potential Indonesian nickel export duties and stricter ore controls have pushed NPI prices higher. Combined with TWD exchange rate volatility, these factors necessitated the hike to offset rising production expenses.

12 mins ago

40 mins ago

Trump: US to End Military Operations Against Iran in 2-3 Weeks, May Reach Agreement Sooner

Trump said that the US would end its military operations against Iran within “two to three weeks” and might reach an agreement with Iran before then.

40 mins ago

China, Pakistan Propose Five-Point Plan for Peace in Gulf, Middle East

China and Pakistan proposed a five-point initiative on restoring peace and stability in the Gulf and Middle East region: First, immediately cease hostilities; second, start peace talks as soon as possible; third, ensure the safety of non-military targets; fourth, ensure the security of shipping lanes; fifth, ensure that the UN Charter takes precedence.

40 mins ago