Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Nickel Price Hovering at Highs Raises Strong Caution

Nickel Price Hovering at Highs Raises Strong Caution

Sep 8, 2017 14:11

Source:SMM

Nickel price hovered at highs on Friday, and market caution ruled market trading sentiment, with small purchases by alloy and electroplating plants, Shanghai Metals Market learns.

SHANGHAI, Sept. 8 (SMM) – Nickel price hovered at highs on Friday, and market caution ruled market trading sentiment, with small purchases by alloy and electroplating plants, Shanghai Metals Market learns.

SMM Nickel Weekly Price Advances 2,760 yuan/tonne

On Friday, the price gap between Jinchuan and Russian nickel remained small, largely between 100-200 yuan per tonne. Jinchuan nickel traded at premiums of 200-300 yuan per tonne, and Russian nickel traded at premiums of 100 yuan per tonne.

Jinchuan Group cut nickel ex-works price by 200 yuan per tonne on Friday. Transactions in the morning business were mainly among traders, with traded prices largely between 94,900-95,300 yuan per tonne.

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

nickel price

Jinchuan nickel

Russian nickel

For queries, please contact William Gu at williamgu@smm.cn

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

Related news

Spot quotations stood high amid low inventories, downstream demand likely to rebound due to work resumption

Nickel futures prices rose significantly last week and then fell to around 140,000 yuan/mt on February 26, and the spot transactions rebounded. Currently, the downstream industries of refined nickel have fully resumed work, and the orders from alloy casting enterprises are relatively stable as they had restocked before CNY and maintained production in holiday.

time

Mar 2, 2021 13:52

SMM Insight Analysis

Spot quotations stood high amid low inventories, downstream demand likely to rebound due to work resumption

Nickel trading quiet in Shanghai on higher futures

Russian nickel was trading at a discount of 300 yuan/mt against the Wuxi Stainless Steel Exchange 1802 contract on Friday February 2 whereas Jinchuan nickel was flat, SMM learned.

time

Feb 2, 2018 13:46

Nickel trading quiet in Shanghai on higher futures

Rising Nickel Price Grows Cautious Buying Interest

Trading sentiment in China’s domestic nickel market was moderate, with SHFE nickel fluctuating.

time

Oct 10, 2017 13:35

Rising Nickel Price Grows Cautious Buying Interest

Nickel Price Advances Following Production Cut News

Nickel Price Advances Following Production Cut News

time

Oct 9, 2017 13:25

Nickel Price Advances Following Production Cut News

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.

time

Sep 29, 2017 09:35

China Refined Nickel Imports to Grow in September, SMM Foresees

Premiums for Russian Nickel in Bonded Area Rise Rapidly

With the opening of profitable import window for several days, premiums for Russian nickel in bonded area rose rapidly.

time

Sep 28, 2017 13:43

Premiums for Russian Nickel in Bonded Area Rise Rapidly

Nickel Purchases Grow for Upcoming One-Week Holiday

On Tuesday, Jinchuan nickel was offered at premiums of RMB 800/mt over Wuxi’s 1710 nickel, and Russian nickel at premiums of RMB 250-300/mt over the same contract.

time

Sep 19, 2017 14:08

Nickel Purchases Grow for Upcoming One-Week Holiday

Jinchuan Nickel Gets Popular on Small Gap over Russian Nickel

On Tuesday, downstream producers were not active in purchases despite price fallback from highs. Some traders chose to sell Russian nickel and buy Jinchuan nickel due to a smaller gap.

time

Sep 5, 2017 15:12

Industry Reminder

Premiums of Russian Nickel Edge Higher, SMM Reports

Premiums of imported Russian nickel traded higher slightly last week due to limited resources, Shanghai Metals Market learns.

time

Sep 4, 2017 13:25

Premiums of Russian Nickel Edge Higher, SMM Reports

Price Spread between Jinchuan and Russian Nickel Narrows, SMM Reports

On Friday, trading picked up in China’s domestic nickel spot market as nickel fell back slightly from highs, Shanghai Metals Market learns.

time

Aug 25, 2017 13:52

Industry Reminder

Price Spread between Jinchuan and Russian Nickel Narrows, SMM Reports

SMM Events & Webinars

Nov
24
- 2024 SMM Middle East Secondary Metal Field Trip
  Nov 24 - Dec 01,2024
  UAE
Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China

MOST POPULAR

1.Benchmarking Analysis Of the Development Direction Of MHP And Nickel Matte

2.Technical Due Diligence Survey Of Nickel Product Unit

3.Long-term Price Forecast Of Nickel Industry

4.Feasibility Study Of Nickel Industry Investment

5.Indonesia Ni Industry Analysis

Shanghai Metals Market

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.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.