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 / SMM Nickel Market Morning Comment (Nov 6)

SMM Nickel Market Morning Comment (Nov 6)

Nov 6, 2024 09:25

Source:SMM

On November 5, Jinchuan nickel was quoted at a premium of 1,700-1,800 yuan/mt, with an average of 1,750 yuan/mt, up 50 yuan/mt compared to the previous trading day.

On November 5, Jinchuan nickel was quoted at a premium of 1,700-1,800 yuan/mt, with an average of 1,750 yuan/mt, up 50 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of 400-0 yuan/mt, with an average of 200 yuan/mt, up 50 yuan/mt compared to the previous trading day. On the morning of November 5, the futures market fluctuated, and the spot market premium saw a slight increase compared to the previous working day. Nickel briquette prices were 123,600-124,000 yuan/mt (out of stock), down 250 yuan/mt compared to the previous trading day. The price spread between nickel briquette and nickel sulphate was about 518.18 yuan/mt (nickel sulphate prices were 518.18 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

Slack Demand Prevents Secondary Aluminium Alloy Prices From Gaining As Much As Aluminium Prices

SHANGHAI, Jun 5 (SMM) –The prices of ADC12 secondary aluminium alloy rose 150 yuan/mt from a week ago to 18,650 yuan/mt as of last Friday.

time

Jun 5, 2023 18:06

SMM Analysis On Sentiment Of Market Players In Lithium Carbonate Industry Chain

SHANGHAI, Jun 5 (SMM) – SMM battery-grade lithium carbonate prices were 282,000-313,000 yuan/mt as of May 30, with the average price up 2,500 yuan/mt from the previous trading day to 297,500 yuan/mt.

time

Jun 5, 2023 18:05

Premiums Of Imported Iron Ore Lumps To Rise Further, Despite Off-Season

SHANGHAI, Jun 5 (SMM) – The 10th round of coke price cuts slightly boosted the demand for lumps.

time

Jun 5, 2023 18:02

Premiums Of Imported Iron Ore Lumps To Rise Further, Despite Off-Season

Imported Iron Ore Prices To Move Wildly This Week On Multiple Variables After Big Gains Last Week

SHANGHAI, Jun 5 (SMM) – Although many places were affected by high temperature or rain last week, the apparent demand for building materials increased significantly.

time

Jun 5, 2023 10:43

Imported Iron Ore Prices To Move Wildly This Week On Multiple Variables After Big Gains Last Week

SMM Aluminium Market Morning Comment (June 5)

SHANGHAI, Jun 5 (SMM) –The most-traded SHFE 2307 aluminium contract opened at 18,480 yuan/mt at last Friday’s night session, with its low and high at 18,370 yuan/mt and 18,520 yuan/mt before closing at 18,385 yuan/mt, down 95 yuan/mt, or 0.51%.

time

Jun 5, 2023 10:06

SMM Aluminium Market Morning Comment (June 5)

SMM Petroleum Coke Price Review and Forecast

Petroleum coke quotes generally stood stable this week.

time

May 26, 2023 17:49

SMM Petroleum Coke Price Review and Forecast

Vietnamese Electric Car Company VinFast Recalls First Cars Sold in the US

Vietnamese electric car maker VinFast is recalling its first cars sold in the US due to a software error that caused the head-up display to malfunction, according to a statement on the National Highway Traffic Safety Administration's website.

time

May 25, 2023 10:18

Vietnamese Electric Car Company VinFast Recalls First Cars Sold in the US

Shanghai Invites GM to Increase Local Investment and R&D

On May 24, the Shanghai government said it invited General Motors (GM) to increase its investment, research and development in the city.

time

May 25, 2023 10:13

Shanghai Invites GM to Increase Local Investment and R&D

Copper Prices Slumped to New Low as Market Concerns Grew

LME copper prices closed at $7,891/mt overnight, a decline of 2.35%. Trading volume was 27,000 lots and open interest stood at 254,000 lots. The most active SHFE 2307 copper contract finished at 62,990 yuan/mt, down 1.5%. Trading volume was 89,000 lots and open interest stood at 215,000 lots.

time

May 25, 2023 09:42

Industry SMM Insight

Copper Prices Slumped to New Low as Market Concerns Grew

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

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.