Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

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

New Energy

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 Consulting

Home / Metal News / Spot Pure Nickel Trading is Sluggish with the End of Downstream Companies' Stockpiling

Spot Pure Nickel Trading is Sluggish with the End of Downstream Companies' Stockpiling

Jan 10, 2023 17:14

Source:SMM

Spot traders have begun to quote over the SHFE 2302 nickel.

SHANGHAI, Jan 10 (SMM) - Spot traders have begun to quote over the SHFE 2302 nickel. On January 10, spot premiums of Jinchuan nickel were 13,500-14,000 yuan/mt, and the average premium was 13,750 yuan/mt, up 2,250 yuan/mt from the previous trading day. Premiums of NORNICKEL nickel stood at 6,900-7,300 yuan/mt. The average premium was 7,100 yuan/mt, an increase of 200 yuan/mt from the previous trading day. SHFE nickel prices fell slightly due to the news factors. The premiums grew while the spot prices trended lower. Intraday spot trading was slack with the end of the downstream companies’ stockpiling. Besides, some traders have become less willing to ship since the logistic services will be suspended near the Chinese New Year. Prices of nickel briquettes were 210,000-212,000 yuan/mt, down 5,900 yuan/mt from the previous trading day. Nickel briquette trading was sluggish as the prices were still higher than the nickel sulphate prices.

Spot

Market

Market

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

Related news

Strong Fundamentals to Underpin Copper Prices in the Short Term

SHANGHAI, Aug 5 (SMM) - Following a small rebound, SHFE and LME copper fell again this week, with SHFE copper down for three consecutive days, and LME copper down for four consecutive days.

time

Aug 5, 2022 11:45

Strong Fundamentals to Underpin Copper Prices in the Short Term

SMM Morning Comments (Aug 5): Base Metals Closed Mostly with Gains amid Falling US Dollar Index

LME and SHFE base metals closed mostly with gains as the US dollar index ended its short-term rebound and closed down by 0.55% yesterday. The Bank of England raised the interest rates by 50 basis points on Thursday, the largest increase in 27 years, and at the same time warned that a long-term recession was coming.

time

Aug 5, 2022 10:00

SMM Morning Comments (Aug 5): Base Metals Closed Mostly with Gains amid Falling US Dollar Index

Will High-Carbon Ferrochrome Price End its Three-Month Long Downward Trend approaching the Peak Season?

However, the production cut wills weakened with the estimated restoring profits following the fall in the prices of chrome ore and coke. Ferrochrome plants, especially those in north China, maintained high operating rates with cost advantage.

time

Aug 4, 2022 16:35

Will High-Carbon Ferrochrome Price End its Three-Month Long Downward Trend approaching the Peak Season?

Sulphuric Acid Prices Drop Slightly, Hurting the Profits of Lead and Zinc Smelters

According to SMM research, sulphuric acid prices dropped slightly recently by more than 100 yuan/mt after staying stably high since mid-July, which is related to factors such as low operating rates of downstream chemical enterprise.

time

Aug 4, 2022 10:28

Sulphuric Acid Prices Drop Slightly, Hurting the Profits of Lead and Zinc Smelters

SHFE Nickel Once Fell by More Than 3%, But Rebounded amid the Low Inventory

SHFE nickel fell overnight and continued to decline today. SHFE nickel once fell 3.27%, but the decline narrowed to 0.99% as of the closing of the day. As of 15:02, LME nickel fell by more than 1.46%.

time

Aug 2, 2022 17:04

SHFE Nickel Once Fell by More Than 3%, But Rebounded amid the Low Inventory

Rare Earth Prices Keep Falling Today amid Weak Terminal Demand

The light rare earth market extended the weakness today, with prices of PrNd oxide and alloy falling further. Separation companies were not very enthusiastic in making offers. The mainstream prices of PrNd oxide stood at 770,000-780,000 yuan/mt.

time

Aug 2, 2022 14:37

Rare Earth Prices Keep Falling Today amid Weak Terminal Demand

Throughput of Copper Scrap in the East China Metals Market Remained Low as the Traders were Reluctant to Ship

From July 25, 2022, to July 31, the throughput of copper scrap in the East China Nonferrous Metals Market was 8,300 mt, down 1.72% WoW.

time

Aug 2, 2022 10:16

Throughput of Copper Scrap in the East China Metals Market Remained Low as the Traders were Reluctant to Ship

SMM Morning Comments (Aug 2): Base Metals Closed Mostly with Losses amid Re-surfacing Recession Worries

LME and SHFE base metals closed mostly with losses because following the previously poor US GDP data, the manufacturing PMI, ISM new orders index, and monthly rate of construction expenditure of the US in July, which were released on Monday, all declined.

time

Aug 2, 2022 10:00

SMM Morning Comments (Aug 2): Base Metals Closed Mostly with Losses amid Re-surfacing Recession Worries

SHFE Tin Once Rose by More Than 6% but then was Affected by the Sufficient Supply and weak Demand

SHFE tin rose sharply today by 6.13%, but the increase narrowed to 4.38% as of the closing of the day. LME tin once rose by 2.35% and the increase narrowed to 1.41% as of 15:28, less than SHFE tin.

time

Aug 1, 2022 17:31

SHFE Tin Once Rose by More Than 6% but then was Affected by the Sufficient Supply and weak Demand

Positive News Boosted Power Battery Recycling Sector Significantly

Stocks in the power battery recycling sector advanced rapidly after today's opening, with an increase of more than 4% at one point. Specially, Dcenti hit daily limit, Narada Power rose more than 17%, and other stocks such as Huayou Cobalt, CNGR, Guanghua Sci-tech, and Camel Group all climbed more than 6%.

time

Aug 1, 2022 15:11

Industry SMM Insight

Positive News Boosted Power Battery Recycling Sector Significantly

SMM Events & Webinars

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

MOST POPULAR

1.Benchmarking Analysis Of the Development Direction Of MHP And Nickel Matte

2.Technical Due Diligence Survey Of Nickel Product Unit

3.Long-term Price Forecast Of Nickel Industry

4.Feasibility Study Of Nickel Industry Investment

5.Indonesia Ni Industry Analysis

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.