SHFE 1509 Nickel Finishes with Gains (Jul. 1, 2015)

Published: Jul 1, 2015 16:11

Save

SHFE 1509 nickel opened Tuesday evening session at RMB 87,330/mt and then rebounded from low in response to growing LME nickel, to close the session at RMB 89,600/mt.

SHANGHAI, Jul. 1 (SMM) – SHFE 1509 nickel opened Tuesday evening session at RMB 87,330/mt and then rebounded from low in response to growing LME nickel, to close the session at RMB 89,600/mt.

The contract started at RMB 89,700/mt during Wednesday trading session and started to fall due to Greece’s default and China’s downbeat manufacturing PMI. The price moved in a range of RMB 87,810-89,940/mt and finished the day at RMB 88,360/mt. Trading volumes saw a decline of 143,000 to 284,000 lots with positions down 13,880 to 216,000.

SHFE 1509 nickel should fluctuate at high this evening.

SHFE nickel prices

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

Related News

6 hours ago

Zhuye Group Unveils 2025 Annual Report, Outlines 2026 Production Targets

[Zhuye Group releases 2025 annual report] On April 17, Zhuye Group released its 2025 annual report. The report showed that in 2025, Zhuye Group's total production of zinc and zinc alloys was 659,600 mt, total production of sulphuric acid was 677,100 mt, total production of lead and lead alloys was 105,900 mt, total production of gold was 4,285 kg, and total production of silver was 318.23 mt. Taking into account industry trends and the company's actual conditions, the core product production targets for 2026 balance both growth and efficiency: zinc and zinc alloy production of 645,000 mt, lead and lead alloy production of 100,000 mt, mine raw ore production of 860,000 mt, gold production of 4.2 mt, and silver production of 300 mt.

6 hours ago

7 hours ago

Ajou University Team Improves Performance of Aqueous Zinc-Ion Batteries

Ajou University announced on April 16 that the research team has developed a technology to redesign the surface of zinc metal, significantly improving the performance of aqueous zinc-ion batteries. Batteries applying this technology demonstrated stable operation for over 500 hours under high-power conditions and retained more than 70% of their performance after over 1,500 charge–discharge cycles.

7 hours ago

Smelters Actively Rushed to Purchase Domestic Ore, Zinc Concentrate TCs Continued to Decline Across Multiple Regions in China [SMM Zinc Concentrates Weekly Review]

[Smelters Actively Scrambled for Domestic Ore, TCs in Multiple Regions of China Continued to Decline]: Based on weekly data, the SMM Zn50 domestic weekly average TC fell 100 yuan/mt Zn WoW to 1,250 yuan/mt Zn, and the SMM imported zinc concentrate index dropped $9.25/dmt WoW to -$28.5/dmt...

7 hours ago