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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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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

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

Stainless steel consumption in China to improve during Q2-Q4 2020

Stainless steel consumption has improved significantly month-on-month in July, but remained weaker than the same period last year. Inventories extended declines, suggesting robust sales in major markets, but remained higher compared to July 2019, according to the recent SMM survey.

Jul 31, 2020 17:57

SMM Insight

Stainless steel consumption in China to improve during Q2-Q4 2020

SMM Morning Comments (Jul 29): Shanghai base metals held onto overnight gains ahead of Fed rate decision

Those metals cruised higher across the board in overnight trading. Zinc surged 1.7%, aluminium climbed 1.4%, lead advanced 0.7%, copper gained 0.3% and tin edged up 0.2%, while nickel failed to fully recover from opening losses and was down 0.3%.

Jul 29, 2020 10:03

SMM Comments

SMM Morning Comments (Jul 29): Shanghai base metals held onto overnight gains ahead of Fed rate decision

SMM Morning Comments (Jul 27): Base metals rose as China’s industrial profits growth quickened

LME nonferrous metals rose across the board on Monday morning, recovering from pullbacks on Friday caused by a flare-up in US-China tensions, as data showed an acceleration in China’s industrial profits growth in June.

Jul 27, 2020 10:05

SMM Comments

SMM Morning Comments (Jul 27): Base metals rose as China’s industrial profits growth quickened

SMM Morning Comments (Jul 24): Shanghai base metals mostly lower following overnight strong rebound

SHFE nonferrous metals, except for nickel and tin, fell in early trade on Friday morning, as investors reacted to worsening US-China tensions and a sell-off in US markets overnight.

Jul 24, 2020 10:07

SMM Comments

SMM Morning Comments (Jul 24): Shanghai base metals mostly lower following overnight strong rebound

SMM Evening Comments (Jul 16): Shanghai base metals fell across the board for two days, investors mulled China data

SHFE nonferrous metals fell across the board for the second consecutive day on Thursday July 16, as concerns over rising coronavirus cases and US-China tensions tempered optimism over a coronavirus vaccine.

Jul 16, 2020 19:00

SMM Comments

SMM Evening Comments (Jul 16): Shanghai base metals fell across the board for two days, investors mulled China data

SMM Morning Comments (Jul 16): Shanghai base metals extended decline, copper led the losses and dipped more than 2%

SHFE nonferrous metals opened lower across the board on Thursday July 16, extending losses from last night, as investors risk aversion grew amid uncertainty over the coronavirus pandemic and US-China tensions.

Jul 16, 2020 10:00

SMM Comments

SMM Morning Comments (Jul 16): Shanghai base metals extended decline, copper led the losses and dipped more than 2%

Exclusive: China's base metals output in June

China’s copper cathode output fell less than expected in June as a smelter delayed maintenance and as some smelters ramped up production after blister copper supply tightness eased.

Jul 10, 2020 18:42

Analysis

Exclusive: China's base metals output in June

SMM Morning Comments (Jul 7): Shanghai base metals mostly retreated following solid gains overnight

Shanghai nonferrous metals, except for copper and lead, traded slightly lower on Tuesday morning, as caution returned to markets following strong performance overnight amid a broad-based bullish sentiment.

Jul 7, 2020 09:50

SMM Comments

SMM Morning Comments (Jul 7): Shanghai base metals mostly retreated following solid gains overnight

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

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit