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Home / Metal News / Intraday SHFE Nickel Prices Pared Gains from Last Week

Intraday SHFE Nickel Prices Pared Gains from Last Week

Jan 25, 2022 14:28

Source:SMM

Intraday SHFE nickel hit limit down with a decrease of 8%, and pared all the gains recorded last Thursday.

SHANGHAI, Jan 25 (SMM) - Intraday SHFE nickel hit limit down with a decrease of 8%, and pared all the gains recorded last Thursday, mainly because the Spring Festival is approaching, the longs have paid off and left the market, and the news of successful mass production of nickel matte in Indonesia.

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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

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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

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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

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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

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Nov 30, 2015 17:40

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Intraday SHFE Nickel Prices Pared Gains from Last Week

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit