SHFE Nickel to Hover at Highs (2017-9-5)

Sep 5, 2017 09:43

Mines are loading ships according to plans after Indonesia added nickel ore export quotas at the end of July.

SHANGHAI, Sep. 5 (SMM) – Mines are loading ships according to plans after Indonesia added nickel ore export quotas at the end of July. Mine owned by Macrolink may obtain export quota for over 800,000 mt of nickel ore. Despite negative impact on shipments in the Philippines, nickel ore supply will remain high in September and will be ample this year. NPI producers in China are passionate about producing due to high profit and demand from steel mills.

LME nickel will stay high today, while SHFE 1801 nickel should move at highs of RMB 96,000-97,000/mt today. Spot nickel prices will be RMB 94,800-95,800/mt in domestic market.

Key Macroeconomic Indicators for Base Metal Prices (2017-9-5)

SHFE nickel prices

nickel prices

Ni price

base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

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.

SHFE Nickel to Hover at Highs (2017-9-5)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025