SHFE Nickel Prices Up 2.07% (2017-8-24)

Published: Aug 24, 2017 17:23

Save

SHFE 1801 nickel opened at RMB 94,520/mt and closed at RMB 94,000/mt, up RMB 191/mt or 2.07%.

SHANGHAI, Aug. 24 (SMM) – On Thursday, SHFE 1801 nickel opened at RMB 94,520/mt and then kept rising to RMB 94,980/mt. During the afternoon trading, SHFE 1801 nickel dipped to RMB 93,600/mt with LME nickel, and closed at RMB 94,000/mt, up RMB 191/mt or 2.07%. Trading volumes were up 79,900 to 936,000 lots and positions rose 5,030 to 523,000.

SHFE 1801 nickel will fluctuate at current level on Thursday’s night trading.

SHFE nickel LME nickel 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 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

1 hour ago

[SMM Nickel Sulphate Daily Review] February 4th: Weakness in Both Purchasing and Sales Sentiment, Nickel Salt Prices Remain Stable

On February 4, the SMM battery-grade nickel sulphate index price was 31,976 yuan/mt, with the quotation range for battery-grade nickel sulphate at 31,700-32,800 yuan/mt, and the average price remained unchanged from the previous day.

1 hour ago

3 hours ago

[SMM Nickel Midday Review] Nickel Prices Rebound on February 4, Central Bank Conducts 800 Billion Yuan in Buyout-Style Reverse Repo Operations

3 hours ago

[SMM Nickel Intermediate Product Daily Review] February 4 MHP and High-Grade Nickel Matte Prices Decline

As of now, the FOB price of Indonesian MHP nickel is $15,544 per mt Ni, and the FOB price of Indonesian MHP cobalt is $49,254 per mt Co. The MHP payables (against the SMM battery-grade nickel sulphate index) were 84.5–85.5, and the MHP cobalt element payable indicator (against SMM refined cobalt (Rotterdam warehouse)) was 90.5. The FOB price of Indonesian high-grade nickel matte was $16,056 per mt Ni.

3 hours ago