Nickel Prices To Move Rangebound Amid High Production And Low Inventory

Published: Jun 8, 2023 10:00

Source: SMM

Save

SHANGHAI, Jun 8 (SMM) – On the supply side, although China's pure nickel production maintained its growth momentum, the pure nickel inventory was still low.

SHANGHAI, Jun 8 (SMM) – On the supply side, although China's pure nickel production maintained its growth momentum, the pure nickel inventory was still low. Nickel prices fluctuated rangebound, and spot premiums remained stable yesterday. Stainless steel mills and traders tried to push for lower NPI prices. Nickel prices are expected to remain rangebound amid mixture of bullish and negative factors.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

21 hours ago

[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.

Affected by macro sentiment, MHP and high-grade nickel matte prices declined this week.

21 hours ago

22 hours ago

[SMM Analysis] The market experienced panic selling this week, and nickel prices plummeted.

22 hours ago

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

22 hours ago