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 Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Spot Nickel Trading was Average Today amid Low Prices

Spot Nickel Trading was Average Today amid Low Prices

May 16, 2023 16:21

Source:SMM

On May 16, premiums of Jinchuan nickel were 10,800-11,500 yuan/mt.

SHANGHAI, May 16 (SMM) - On May 16, premiums of Jinchuan nickel were 10,800-11,500 yuan/mt. The average premium stood at 11,150 yuan/mt, down 100 yuan/mt from the previous trading day. Premiums of NORNICKEL nickel stood at 6,200-6,800 yuan/mt. The average premium was 6,500 yuan/mt, an increase of 250 yuan/mt from the previous trading day, because the low-priced spots were sold out. Spot trades were acceptable since the absolute prices were relatively low. Nickel briquette prices were 171,300-171,900 yuan/mt, down 2,600 yuan/mt from the previous trading day. The nickel briquette transactions were slack as it was still traded at premiums over nickel sulphate.

Spot market

Market review

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Nickel Market Morning Comment (Jun 14)

On June 13, Jinchuan nickel was at a premium of 2,500-3,000 yuan/mt, with an average of 2,750 yuan/mt, flat compared to the previous trading day.

time

Jun 14, 2024 09:09

Guangdong zinc: Transportation affects factory orders, warehouse spot trading volume rises

#0 zinc in Guangdong was traded at 21065~21225 yuan/mt today.

time

Mar 20, 2024 18:23

Tianjin zinc market: premiums remain weak amid poor downstream consumption

In Tianjin, #0 zinc ingot was mostly traded at 20980~21160 yuan/mt, Zijin zinc 21000~21200 yuan/mt, and Huludao zinc 24550 yuan/mt.

time

Mar 20, 2024 18:18

Many steel mills resumed production as planned, boosting the blast furnace operating rate [SMM blast furnace operating rate]

According to SMM research, on March 20, the blast furnace operating rate was 89.45%, an increase of 0.3% month-on-month.

time

Mar 20, 2024 16:32

Data: SHFE, DCE market movement (Mar 20)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Mar 20, 2024

time

Mar 20, 2024 15:50

Data: SHFE, DCE market movement (Mar 20)

[SMM analysis] Enthusiasm for new glass projects increased amid risk of supply shortage

The price of photovoltaic glass has increased slightly this week. As of now, the price of 2.0mm single-layer coated glass is 15.8-16.5 yuan/square meter, and the price of 3.2mm single-layer coated glass is 25.5-26.0 yuan/square meter, the mainstream transaction prices are 16.0 and 25.5 yuan/square meter respectively, and the price of 2.0mm products increased slightly. Recently, as purchasing volume increased significantly in March, glass inventories have been digested quickly. Glass companies have also appropriately increased product quotations, and the market transaction price has increased.

time

Mar 20, 2024 14:01

SMM comments：What is the situation of the photovoltaic extrusion market after the Chinese New Year in 2024?

Strong domestic installed capacity in 2023 drove the rapid growth of photovoltaic extrusion production, with a year-on-year growth of more than 60%.

time

Mar 20, 2024 14:30

[SMM Analysis] Surging copper prices reduced consumption, output of copper rod produced with copper cathode in March unlikely to reach the target

SMM data shows that the national production of copper rod produced with copper cathode in February totaled 503,900 tons, a decrease of 300,600 tons from January, and the operating rate was 39.44%, a month-on-month decrease of 23.53 percentage points.

time

Mar 20, 2024 11:10

The influence of macro sentiment weighed on SHFE zinc [SMM Zinc Morning Comment]

Overnight, the U.S. trade deficit narrowed in November as domestic demand slowed, causing imports of consumer goods to reach their lowest level in a year. The U.S. Department of Commerce’s Bureau of Statistics said the trade deficit shrank 2.0% in November to $63.2 billion. It is understood that economists had previously predicted that the deficit would increase to US$65 billion. If this trend continues in December, trade may have no effect on economic changes in the fourth quarter.

time

Jan 10, 2024 10:00

SMM renewable energy industry data

For more info, please contact us: Tel: +86 021 5155-0306 Email: service.en@smm.cn Website: https://www.metal.com/ #smm #renewableenergy #data

time

Aug 16, 2023 14:28

SMM Events & Webinars

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 (10th) China International New Energy Industry Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

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 Holiday Pricing Schedule

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.