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Home / Metal News / Rising Nickel Price Grows Cautious Buying Interest

Rising Nickel Price Grows Cautious Buying Interest

Oct 10, 2017 13:35

Source:SMM

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

SHANGHAI, Oct. 10 (SMM) – Trading sentiment in China’s domestic nickel market was moderate, with SHFE nickel fluctuating. After continuous price increases, stainless steel mills turned wary of purchases, and only a small amount of downstream producers entered the market for purchases due to low inventories.

Output Cut News Supports High-grade NPI Price

In the morning business, premiums of Jinchuan nickel were at around 1,200 yuan per tonne, and 200-250 yuan per tonne for Russian nickel, with mainstream traded prices between 87,700-88,700 yuan per tonne.

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nickel price

Jinchuan nickel

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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.

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Sep 8, 2017 14:11

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

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

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