LME Nickel and SHFE Nickel, Stainless Steel Prices Decline on January 22

Published: Jan 23, 2025 11:40
[LME Nickel Closed Lower on January 22] On Wednesday, January 22, 2025, LME nickel closed down by 255 to $15,790/mt, with LME nickel inventory increasing by 1,992 to 172,206 mt. Overnight, the most-traded SHFE nickel contract closed down by 2,220 to 125,430 yuan/mt; the most-traded SHFE stainless steel contract closed down by 80 to 13,080 yuan/mt.

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