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

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / SMM Nickel Market Morning Comment (Nov 1)

SMM Nickel Market Morning Comment (Nov 1)

Nov 1, 2024 09:51

Source:SMM

On October 31, Jinchuan nickel was quoted at a premium of 1,400-1,600 yuan/mt, with an average of 1,500 yuan/mt, down 300 yuan/mt from the previous trading day.

On October 31, Jinchuan nickel was quoted at a premium of 1,400-1,600 yuan/mt, with an average of 1,500 yuan/mt, down 300 yuan/mt from the previous trading day. Norilsk nickel was quoted at a discount of 500-150 yuan/mt, with an average of 325 yuan/mt, down 225 yuan/mt from the previous trading day. On the morning of October 31, the futures market fluctuated, and spot premiums slightly decreased compared to the previous working day, mainly due to the overall decline in nickel prices. Nickel briquette prices were 123,200-123,600 yuan/mt (out of stock), down 200 yuan/mt from the previous trading day. The price spread between nickel briquette and nickel sulphate was about 891 yuan/mt (nickel sulphate prices were 891 yuan/mt higher than nickel briquette prices).

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

LME lead prices fell for three consecutive days

LME lead prices inched down and finally closed at $2103.5/mt in overnight trading, down $25.5/mt, or 1.2%. The contract fell for three consecutive days.

time

Aug 15, 2023 10:20

SMM Morning Comment For Tin Market On August 15

Overnight, SHFE 2309 tin contract price shook and fell sharply at the opening.

time

Aug 15, 2023 10:05

SMM Morning Comment For Tin Market On August 15

[SMM Zinc Morning Review] LME zinc prices posted three-day losing streak

LME zinc prices closed down $47/mt or 1.96% at $2,351/mt yesterday evening. The trading volume increased to 9,767 lots, and open interest increased 501 lots to 209,000 lots. LME zinc inventories increased by 375 mt to 92,175 mt, an increase of 0.41%. Overnight, the Fed's hawkish remarks bolstered the US dollar and that put pressure on LME zinc prices.

time

Aug 15, 2023 09:53

Social Lead Ingot Inventory Across Five Major Regions In China

According to SMM survey, social lead ingot inventory across five major regions in China totalled 50,800 mt as of July 31, up 5,200 mt from July 28 and 9,100 mt from July 24, the highest in four months.

time

Aug 14, 2023 14:34

China’s Indonesian NPI Production Review In July And Forecast In August

In July 2023, Indonesian NPI output was 119,400 mt in nickel content, a 2.65% MoM decrease and a 30.8% YoY increase.

time

Aug 11, 2023 19:04

China’s Indonesian NPI Production Review In July And Forecast In August

SMM Exclusive: China's Metals Output In July And Forecast For August

China's copper cathode output in July was 925,900 mt, an increase of 8,000 mt or 0.9% month-on-month, and a growth of 10.2% year-on-year; The output increased 23,800 mt compared with the expected 902,100 mt.

time

Aug 10, 2023 17:15

SMM Exclusive: China's Metals Output In July And Forecast For August

Data: SHFE, DCE market movement (Aug 10)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Aug 10, 2023

time

Aug 10, 2023 15:32

Data: SHFE, DCE market movement (Aug 10)

[SMM Zinc Early Review July 20] LME zinc has delivered more than 20,000 tons of continuous warehouses, and the inventory has hit a high level in more than one year

Overnight, U.S. climate envoy Kerry held talks with Chinese officials, saying that China-U.S. climate relations still need “more work”; the IMF said that the appreciation of the dollar would hit emerging markets more than developed economies; China will announce July LPR on Thursday, and Reuters polls show that expectations for stability are unprecedentedly consistent; South Africa said that Russian President Vladimir Putin will not attend the BRICS summit in August.

time

Jul 20, 2023 10:44

[SMM Zinc Early Review July 20] LME zinc has delivered more than 20,000 tons of continuous warehouses, and the inventory has hit a high level in more than one year

[SMM Nickel Morning Meeting Minutes] Macro Boost Nickel Prices To The Upside, The Follow-Up Need To Pay Attention To The Fed's Interest Rate Decision

The U.S. Department of Labor announced that the annual rate of CPI in June fell from 4% in June to 3%, lower than the expected value of 3.1%, the reaction to the current U.S. inflation has eased, the market from the pessimistic expectations of the U.S. for two consecutive interest rate hikes to the year to raise interest rates by only 25 benchmark points.

time

Jul 14, 2023 10:26

[SMM Nickel Morning Meeting Minutes] Macro Boost Nickel Prices To The Upside, The Follow-Up Need To Pay Attention To The Fed's Interest Rate Decision

SMM Zinc Market Comment And Forecast (July 13)

LME zinc prices closed with gains overnight. LME zinc stocks fell 775 mt to 72,150 mt. The U.S. consumer price index (CPI) rose 3.0% year-on-year in June, the smallest year-on-year increase since March 2021, after rising 4% in May. As the Fed's interest rate hike expectations weakened, the U.S. dollar index dipped to a a-year low point.

time

Jul 13, 2023 11:08

SMM Zinc Market Comment And Forecast (July 13)

SMM Events & Webinars

Nov
05
- APAC (9th) Stainless Steel Industry Conference 2024
  Nov 05 - 07,2024
  Fujian, China
Nov
24
- 2024 SMM Middle East Secondary Metal Filed Trip
  Nov 24 - Dec 01,2024
  UAE
Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE

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.