Traded prices of high-quality nickel ore barely changed from pre-holiday levels-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Rare earths
  • Rare earth
  • Market commentary
  • Zinc
  • Iron ore
  • Aluminium
  • Macroeconomics
  • Copper
  • Sales data
  • MMi Iron Ore Port Index
  • precious metals
  • Futures movement
  • Evening comments
  • Tin

Traded prices of high-quality nickel ore barely changed from pre-holiday levels

Price Review & Forecast 02:50:28PM Feb 20, 2019 Source:SMM

SHANGHAI, Feb 20 (SMM) – Nickel ores with 1.8% of Ni content mostly traded at $51.5-52/wmt in China so far this week, barely changed from levels seen before the Lunar New Year holidays, SMM learned.

This was despite higher offers by traders, at $53/wmt.

SMM learned that a nickel pig iron plant in east China would suspend nickel ore purchases for a month due to high inventories that were stockpiled for new capacity. The plant is expected to resume its nickel ore procurement in the middle of March.

Key Words:  Market commentary   Nickel ore 

Traded prices of high-quality nickel ore barely changed from pre-holiday levels

Price Review & Forecast 02:50:28PM Feb 20, 2019 Source:SMM

SHANGHAI, Feb 20 (SMM) – Nickel ores with 1.8% of Ni content mostly traded at $51.5-52/wmt in China so far this week, barely changed from levels seen before the Lunar New Year holidays, SMM learned.

This was despite higher offers by traders, at $53/wmt.

SMM learned that a nickel pig iron plant in east China would suspend nickel ore purchases for a month due to high inventories that were stockpiled for new capacity. The plant is expected to resume its nickel ore procurement in the middle of March.

Key Words:  Market commentary   Nickel ore