Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

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

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode 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 / Snapshot: Nickel spot market in Shanghai

Snapshot: Nickel spot market in Shanghai

Mar 1, 2018 14:43

Source:SMM

Norilsk nickel in the Shanghai market was offered at a discount of 300 yuan/mt against the Wuxi 1803 contract on the morning of Thursday March 1, while Jinchuan was flat, SMM learned.

SHANGHAI, Mar 1 (SMM) – Norilsk nickel in the Shanghai market was offered at a discount of 300 yuan/mt against the Wuxi Stainless Steel Exchange 1803 contract on the morning of Thursday March 1, while Jinchuan was flat at 103,300 yuan/mt, SMM learned.

Following a rebound in nickel prices overnight, traders were active selling while downstream customers were more reserved. Trades were heard at 102,900-103,300 yuan/mt in the morning.

For editorial queries, please contact Daisy Tseng at daisy@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn

nickel

spot premium

spot discount

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Shanghai base metals all trended higher on Monday morning boosted by the unexpectedly low US employment data. Meanwhile, their counterparts on LME trended mixed.

Oct 11, 2021 09:59

SMM Comments

SMM Morning Comments (Oct 11): Base Metals Rose across the Board on Low Employment Data

SMM Evening Comments (Oct 8): Shanghai Nonferrous Metals Closed with Gains amid Mitigated US Debt Risks

Shanghai nonferrous metals closed all in the positive territory as the US debt risks have been contemporarily mitigated.

Oct 8, 2021 19:00

SMM Comments

SMM Evening Comments (Oct 8): Shanghai Nonferrous Metals Closed with Gains amid Mitigated US Debt Risks

SMM Morning Comments (Sep 15): Base Metals Fell across the Board against Peaking Inflation

Shanghai base metal basically trended lower on Wednesday morning against the lower-than-expected US CPI increase in August. Meanwhile, their counterparts on LME mostly cruised higher.

Sep 15, 2021 10:00

SMM Comments

SMM Morning Comments (Sep 15): Base Metals Fell across the Board against Peaking Inflation

Import Window Remained Open to Drive Continued Declines in Pure Nickel Inventory from Bonded Zones

According to SMM survey, import profits rose as the SHFE/LME nickel price ratio advanced this week. In addition, traders that had locked in the SHFE/LME price ratio last week moved goods into the domestic market for delivery.

Sep 10, 2021 17:01

Analysis

Import Window Remained Open to Drive Continued Declines in Pure Nickel Inventory from Bonded Zones

SMM Morning Comments (Sep 8): Most SHFE Base Metals Ended Lower as US Dollar Rebounded for Two Consecutive Days

Shanghai base metals mostly fell in the evening trading on Tuesday as the US dollar index rebounded for two consecutive days.

Sep 8, 2021 09:56

SMM Comments

SMM Morning Comments (Sep 8): Most SHFE Base Metals Ended Lower as US Dollar Rebounded for Two Consecutive Days

Philippine Nickel Output Surged 39% and Copper Output Plummeted 24% YoY

The latest data released by the Philippine Bureau of Mines and Geological Sciences show that in the first half of 2021, the Philippines produced a total of 151,646 mt of nickel, up 39% on the year, valued 21.42 billion pesos.

Sep 3, 2021 17:28

Analysis

Philippine Nickel Output Surged 39% and Copper Output Plummeted 24% YoY

Nickel Inventory in Bonded Zone Declined amid Wider Import Profits

Pure nickel inventory in the bonded zone declined over 1,400 mt this week, according to SMM data.

Sep 3, 2021 15:47

Analysis

Nickel Inventory in Bonded Zone Declined amid Wider Import Profits

Lower spot aluminium prices sideline downstream consumers

Traded prices of spot aluminium in east and south China lost about 100 yuan/mt on Wednesday May 23, compared to the previous day. Volatile prices deterred downstream consumers from purchasing

May 23, 2018 16:04

SMM Comments

Lower spot aluminium prices sideline downstream consumers

Aluminium trading picks up as downstream buyers step up procurement

Overall trading across spot aluminium markets in east and south China turned active on Thursday May 10 as downstream consumers picked up their procurement, SMM learned.

May 10, 2018 16:52

SMM Comments

Aluminium trading picks up as downstream buyers step up procurement

Spot aluminium trading thins in east China as spot discounts dip

The SHFE 1805 contract surged to a high of 14,660 yuan/mt on the morning of Tuesday May 8

May 8, 2018 15:41

SMM Comments

Spot aluminium trading thins in east China as spot discounts dip

SMM Events & Webinars

All

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

Snapshot: Nickel spot market in Shanghai

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit