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Home / Metal News / May 12 spot price of SMM nickel: the average price of SMM1# electrolytic nickel fell by 300 yuan / ton

May 12 spot price of SMM nickel: the average price of SMM1# electrolytic nickel fell by 300 yuan / ton

May 12, 2020 10:37

Source:SMM

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Note: this article involves the price quotation time point every day is from 10:30 to 12:00, SMM will update the content in time.

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Shanghai base metals traded mixed after opening on Thursday morning, as Fed failed to set a timeline for tapering asset purchase, and COVID-19 pandemic made a comeback. Meanwhile, their counterparts on LME mostly went up.

Jul 29, 2021 09:55

SMM Comments

SMM Morning Comments (Jul 29): Shanghai Base Metals Trending Mixed after Obscure Fed Meeting Results

SHFE Copper Prices to Meet Resistance from 70,000 yuan/mt

SHFE copper prices rallied from lows last week. Prices edged up from 67,500 yuan/mt and tested the 70,000 yuan/mt mark on Friday. European and US stock markets plunged sharply on Tuesday evening amid market concerns over the Delta strain, while SHFE copper prices opened lower.

Jul 27, 2021 11:15

Analysis

SHFE Copper Prices to Meet Resistance from 70,000 yuan/mt

SMM Morning Comments (Jul 13): Shanghai base metals were mostly lower as investors awaited China's trade data for June

Shanghai base metals were mostly lower on Tuesday morning as investors awaited the release of China's trade data for June. Meanwhile, their counterparts on the LME also fell for the most part.

Jul 13, 2021 10:00

SMM Comments

SMM Morning Comments (Jul 13): Shanghai base metals were mostly lower as investors awaited China's trade data for June

China weekly inventory summary and data wrap (Jul 9)

This is a roundup of China's metals weekly inventory as of July 9.

Jul 9, 2021 20:00

Analysis

China weekly inventory summary and data wrap (Jul 9)

Nickel prices to fluctuate in wide range, stainless steel contract prices to have limited downside room

The Fed has suggested that it will decide the policy direction based on economic recovery. In this scenario, investors bet on the Dollar rising due to upbeat non-farm payrolls last week. This drove nickel prices to fall and seek support from the 20-day moving average.

Jul 6, 2021 13:17

Analysis

Nickel prices to fluctuate in wide range, stainless steel contract prices to have limited downside room

Shanghai bonded nickel stocks fell as coronavirus delayed arrivals

Inventories of refined nickel in the Shanghai bonded areas fell this week, as shipments under bill of lading were delayed due to COVID-19 related lockdowns while there were flows from bonded areas to domestic markets. SMM data showed that inventories of pure nickel in the Shanghai bonded areas stood at 17,900 mt as of Friday April 17, down from 18,600 mt a week earlier.

Apr 17, 2020 15:57

Analysis

Shanghai bonded nickel stocks fell as coronavirus delayed arrivals

Zhongjin Lingnan to invest $296 million at Cerro de Maimon mine

The project is designed with an annualised capacity of 2 million mt

Nov 27, 2019 11:38

Reminder

Zhongjin Lingnan to invest $296 million at Cerro de Maimon mine

SMM Evening Comments (Sep 12)

SHFE nonferrous metals, except for lead, closed higher on US-China trade thaw

Sep 12, 2019 18:39

SMM Comments

SMM Evening Comments (Jul 4)

SHFE nonferrous metals, except for zinc, closed higher

Jul 4, 2019 17:46

SMM Comments

SMM Evening Comments (Jun 26)

Most SHFE nonferrous metals closed higher on Wednesday

Jun 26, 2019 18:05

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May 12 spot price of SMM nickel: the average price of SMM1# electrolytic nickel fell by 300 yuan / ton

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2025 15th APAC TIN INDUSTRY CONFERENCE