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 Diaphragm Electrolyte Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / SMM Nickel Market Morning Comment (Jun 20)

SMM Nickel Market Morning Comment (Jun 20)

Jun 20, 2024 09:21

Source:SMM

On June 19, Jinchuan was at a premium of 2,800-3,000 yuan/mt, with an average of 2,900 yuan/mt, up 50 yuan/mt compared to the previous trading day.

On June 19, Jinchuan was at a premium of 2,800-3,000 yuan/mt, with an average of 2,900 yuan/mt, up 50 yuan/mt compared to the previous trading day. Russian nickel was at a discount of 200 yuan/mt to a premium of 100 yuan/mt, with an average discount of 50 yuan/mt, up 50 yuan/mt compared to the previous trading day. In the morning, the market fluctuated downward, leading to a slight improvement in spot market transactions. The shortage of electro-deposited nickel in the spot market continued, and the premiums and discounts of various brands showed a significant upward shift. Nickel briquette prices were 132,100-132,600 yuan/mt, down 1,500 yuan/mt compared to the previous trading day. The price spread between nickel briquette and nickel sulphate was about 6,969 yuan/mt (nickel sulphate prices were 6,969 yuan/mt higher than nickel briquette prices).

Market review

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

Chinese Auto Industry Remains under Enormous Downward Pressure, CAAM Says

The China Association of Automobile Manufacturers pointed out that the current downward pressure on the Chinese economy continues to increase.

time

May 12, 2023 13:06

Chinese Auto Industry Remains under Enormous Downward Pressure, CAAM Says

Argentina Aims To Become One Of The World's Top Ten Copper Producers By 2030, Its Investor-Friendly Stance Has Attracted Global Players Such As Glencore And Lundin Mining

Argentina aims to become one of the top 10 copper producer in the world by 2030, and its investor-friendly stance has attracted global players such as Glencore and Lundin Mining to its north mountains.

time

May 9, 2023 15:46

Argentina Aims To Become One Of The World's Top Ten Copper Producers By 2030, Its Investor-Friendly Stance Has Attracted Global Players Such As Glencore And Lundin Mining

Chongqing To Implement Differential And Tiered Electricity Prices In Steel, Aluminium And Other Highly-Polluting And Energy-Intensive Industries

Chongqing issued a document on pushing for the elimination of outdated capacity in 2023.

time

May 8, 2023 11:35

Chongqing To Implement Differential And Tiered Electricity Prices In Steel, Aluminium And Other Highly-Polluting And Energy-Intensive Industries

5-year US Treasury Yield Falls to Lowest in Year, Market Bets on Fed Rate Cut

The 5-year US Treasury yield crashed to its lowest level since August as traders increased their bets on a Fed rate cut in the second half of the year.

time

May 5, 2023 13:15

5-year US Treasury Yield Falls to Lowest in Year, Market Bets on Fed Rate Cut

Russia Will Reduce Oil Production At The Federal Level Until The End Of 2023, With Pipeline Oil Exports To The EU Down More Than Two-Thirds

According to CCTV news reports, on May 4 local time, Russian Deputy Prime Minister Novak stated that Russia will reduce oil production at the federal level until the end of 2023.

time

May 5, 2023 10:43

Russia Will Reduce Oil Production At The Federal Level Until The End Of 2023, With Pipeline Oil Exports To The EU Down More Than Two-Thirds

SMM Daily Aluminium Market Comment and Forecast

SHANGHAI, May 5 (SMM) - At Thursday’s night session, the most-traded SHFE 2306 aluminium contract opened at 18,410 yuan/mt, with the highest and lowest prices at 18,410 yuan/mt and 18,250 yuan/mt before closing at 18,330 yuan/mt, down 115 yuan/mt or 0.62%.

time

May 5, 2023 10:20

SMM Daily Aluminium Market Comment and Forecast

JPMorgan Chase and Wells Fargo Took a Hit by Increasing Woes over Financial Risks, Copper Prices to be Weighed on

LME copper prices closed at $8,535/mt last evening, up 0.54%. Trading volume was 19,000 lots and open interest stood at 256,000 lots. The most active SHFE 2306 copper contract finished at 66,540 yuan/mt overnight, down 0.67%. Trading volume was 51,000 lots, and open interest stood at 182,000 lots.

time

May 5, 2023 09:55

Industry SMM Insight SMM Comments

JPMorgan Chase and Wells Fargo Took a Hit by Increasing Woes over Financial Risks, Copper Prices to be Weighed on

SMM Weekly Updates On China Aluminium Ingot And Billet Social Inventories As Of May 4

SHANGHAI, May 4 (SMM) – Aluminium ingots: The aluminium ingot social inventories across China’s eight major markets stood at 835,000 mt as of May 4, down 18,000 mt from a week ago and 197,000 mt from the same period last year.

time

May 4, 2023 17:56

SMM Weekly Updates On China Aluminium Ingot And Billet Social Inventories As Of May 4

White House Warns Debt Default Could Severely Damage US Economy, Resulting in Millions of Job Losses

On the eve of President Joe Biden's discussion with congressional leaders on the debt ceiling next Tuesday, the White House warned that a debt default could seriously damage the US economy or lead to the loss of millions of jobs.

time

May 4, 2023 15:05

White House Warns Debt Default Could Severely Damage US Economy, Resulting in Millions of Job Losses

Chip Crisis Restaged on the Temporary Closure of Two Ukraine Neon Gas Suppliers

The Russian-Ukrainian conflict has been ongoing for several weeks and the global commodities market has seen dramatic volatility as a result. This comes after the market erupted in concerns over the supply of Russian nickel metal, with LME nickel prices surging above $100,000 per tonne in a single day.

time

Mar 22, 2022 14:26

Chip Crisis Restaged on the Temporary Closure of Two Ukraine Neon Gas Suppliers

SMM Events & Webinars

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM

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.