Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
SMM Morning Review - 2010/6/10 Nickel Market
SHANGHAI, Jun. 10 (SMM) -- LME nickel for delivery in three months opened at USD 18,350/mt and closed at USD 19,080/mt, up USD 630/mt from a day earlier, with highest price at USD 19,349/mt and lowest price at USD 18,200/mt. Daily trading volumes were 2,450 lots and positions were 90,170 lots.
LME base metal prices all closed with gains on June 9th, as investors' confidence is highly boosted by Reuters' report that domestic exports in May increased by 50% and from the advances of euro. It still takes time to tell whether the price decline is a real rebound or a retaliatory rebound for previous significant decline. PMI from China and the US suggested that base metals still have strong fundamentals, which will lend certain support for metal prices. However, market is still haunted by concern over the EU sovereign debt crisis and the monetary policy from China, so the possibility for prices to advance significantly is small.
It is expected that LME nickel prices will move between USD 17,800-19,300/mt on June 10th.
To contact the writer on this report: cracewu@smm.cn
Copyright © SMM. All Rights Reserved
None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
SMM Events & Webinars
All- Sep15
NET ZERO CHINA Field Trip
Sep 15 - 19,2025中国
- Sep26
2025 ASIA BATTERY MATERIAL COOPERATION SALON
Sep 26 - 26,2025Time：9.26 2025 Place：Seoul， South KoreaSeoul， South Korea
- Oct14
SMM LME Metals Seminar 2025
Oct 14 - 14,2025Emmanuel Centre，London , the United Kingdom
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday 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 © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
