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Home / Metal News / LME Nickel to Remain Strong (2017-8-24)

LME Nickel to Remain Strong (2017-8-24)

Aug 24, 2017 10:15

Source:SMM

Nickel market now gets boost from strong demand from stainless steel sector.

SHANGHAI, Aug. 24 (SMM) – Eurozone’s PMI result for August was higher than expected, and new export index registered the fastest growth in more than 6 years, and the dollar traded lower after Trump’s comments that threaten shutdown over border wall.

Nickel market now gets boost from strong demand from stainless steel sector. On Thursday, LME nickel is expected to trade firmly, and will feel pressure at the 2016-year’s high. SHFE 1801 nickel will hover at highs, with prices between RMB 94,000-95,800/mt, and in China’s domestic spot market, prices are expected to trade at RMB 93,600-94,800/mt.

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One nickel salt company in Guangxi will commission its newly-built production line in early 2018, Shanghai Metals Market learns.

Oct 31, 2017 13:35

SMM Insight

One Nickel Salt Plant to Commission New Line in Early 2018

Jinchuan Group Lifts Nickel Price 500 yuan on Oct. 31

Jinchuan Group raised nickel ex-works price by 500 yuan per tonne on Tuesday.

Oct 31, 2017 11:16

Reminder

Jinchuan Group Lifts Nickel Price 500 yuan on Oct. 31

LME Nickel Poised to Rise in 2018, SMM Predicts

LME nickel price is expected to average at $11,000-11,500 per tonne in 2018, SMM nickel analyst predicts at China Nonferrous Metals Industry Annual Meeting 2017 & SMM Nonferrous Metals Price Forecast.

Oct 30, 2017 16:29

Industry

LME Nickel Poised to Rise in 2018, SMM Predicts

Jinchuan Group Cuts Nickel Price 1,800 yuan on Oct. 27

Jinchuan Group cut nickel ex-works price by 1,800 yuan per tonne on Friday.

Oct 27, 2017 11:42

Reminder

Jinchuan Group Cuts Nickel Price 1,800 yuan on Oct. 27

LME Nickel to Fluctuate around USD 11,000/mt (2017-10-11)

On Wednesday, LME nickel is expected to fluctuate around USD 11,000/mt, and SHFE 1801 nickel will trade between RMB 87,700-88,700/mt.

Oct 11, 2017 09:19

SMM Comments

LME Nickel to Fluctuate around USD 11,000/mt (2017-10-11)

Morgan Stanley Sees Nickel Price Higher on Supply Shortages

Morgan Stanley estimates that supply deficit expansion in nickel market will support its price in the medium and long term.

Oct 9, 2017 10:24

Reminder Industry

Morgan Stanley Sees Nickel Price Higher on Supply Shortages

China Refined Nickel Imports to Grow in September, SMM Foresees

The profitable import window for refined nickel was open for most of second month of September, a favorable factor for imports.

Sep 29, 2017 09:35

Industry

China Refined Nickel Imports to Grow in September, SMM Foresees

SHFE Releases More Transaction Fees for Closing out Intra-day’s Positions in Ni 1801 Contract

The Shanghai Futures Exchange (SHFE) announced to further raise transaction fees for intra-day close-out of positions in Ni 1801 contract from night trading on Sept. 22.

Sep 22, 2017 17:17

Industry

SHFE Releases More Transaction Fees for Closing out Intra-day’s Positions in Ni 1801 Contract

What’re Major Influential Factors in Short-Term Nickel Market? SMM Reports

After a recent surge, what’re major influential factors in the nickel market in the short term? Market players are advised to eye on following factors for a clear direction.

Aug 25, 2017 15:57

SMM Insight

What’re Major Influential Factors in Short-Term Nickel Market? SMM Reports

High Price Depresses Nickel Spot Trading, SMM Reports

Trading sentiment in China’s domestic nickel spot market was low in morning business on Wednesday, Shanghai Metals Market learns.

Aug 3, 2017 14:43

Industry Reminder

High Price Depresses Nickel Spot Trading, SMM Reports

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LME Nickel to Remain Strong (2017-8-24)

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