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 Ternary Precursor and Material Anode 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 / Profits of Imported Pure Nickel Promoted the Custom Clearance

Profits of Imported Pure Nickel Promoted the Custom Clearance

Jan 12, 2023 13:46

Source:SMM

In the spot market, the most traded SHFE nickel contract changed to SHFE 2302 contract. The premiums of Jinchuan nickel were quoted at 13,500-14,500 yuan/mt, with an average price of 14,000 yuan/mt, up 750 yuan/mt from the previous trading day.

SHANGHAI, Jan 12 (SMM) - In the spot market, the most traded SHFE nickel contract changed to SHFE 2302 contract. The premiums of Jinchuan nickel were quoted at 13,500-14,500 yuan/mt, with an average price of 14,000 yuan/mt, up 750 yuan/mt from the previous trading day. NORNICKEL nickel premiums were quoted at 6,800-7500 yuan/mt, with an average of 7150 yuan/mt, up 200 yuan/mt from the previous trading day yuan/mt. Last night, LME nickel fell sharply. The profits of imported pure nickel promoted the clearance of NORNICKEL nickel. In addition, as nickel prices remained low today, the spot transactions improved amid the downstream restocking demand. In terms of nickel briquette, the prices were 205,900-207,900 yuan/mt, an increase of 650 yuan/mt from a day ago. The nickel briquette prices were still higher than that of nickel sulphate, hence the spot transaction of nickel briquette was weak.

Market

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Strong Fundamentals to Underpin Copper Prices in the Short Term

SHANGHAI, Aug 5 (SMM) - Following a small rebound, SHFE and LME copper fell again this week, with SHFE copper down for three consecutive days, and LME copper down for four consecutive days.

time

Aug 5, 2022 11:45

Strong Fundamentals to Underpin Copper Prices in the Short Term

SMM Morning Comments (Aug 5): Base Metals Closed Mostly with Gains amid Falling US Dollar Index

LME and SHFE base metals closed mostly with gains as the US dollar index ended its short-term rebound and closed down by 0.55% yesterday. The Bank of England raised the interest rates by 50 basis points on Thursday, the largest increase in 27 years, and at the same time warned that a long-term recession was coming.

time

Aug 5, 2022 10:00

SMM Morning Comments (Aug 5): Base Metals Closed Mostly with Gains amid Falling US Dollar Index

Will High-Carbon Ferrochrome Price End its Three-Month Long Downward Trend approaching the Peak Season?

However, the production cut wills weakened with the estimated restoring profits following the fall in the prices of chrome ore and coke. Ferrochrome plants, especially those in north China, maintained high operating rates with cost advantage.

time

Aug 4, 2022 16:35

Will High-Carbon Ferrochrome Price End its Three-Month Long Downward Trend approaching the Peak Season?

Sulphuric Acid Prices Drop Slightly, Hurting the Profits of Lead and Zinc Smelters

According to SMM research, sulphuric acid prices dropped slightly recently by more than 100 yuan/mt after staying stably high since mid-July, which is related to factors such as low operating rates of downstream chemical enterprise.

time

Aug 4, 2022 10:28

Sulphuric Acid Prices Drop Slightly, Hurting the Profits of Lead and Zinc Smelters

SHFE Nickel Once Fell by More Than 3%, But Rebounded amid the Low Inventory

SHFE nickel fell overnight and continued to decline today. SHFE nickel once fell 3.27%, but the decline narrowed to 0.99% as of the closing of the day. As of 15:02, LME nickel fell by more than 1.46%.

time

Aug 2, 2022 17:04

SHFE Nickel Once Fell by More Than 3%, But Rebounded amid the Low Inventory

Rare Earth Prices Keep Falling Today amid Weak Terminal Demand

The light rare earth market extended the weakness today, with prices of PrNd oxide and alloy falling further. Separation companies were not very enthusiastic in making offers. The mainstream prices of PrNd oxide stood at 770,000-780,000 yuan/mt.

time

Aug 2, 2022 14:37

Rare Earth Prices Keep Falling Today amid Weak Terminal Demand

Throughput of Copper Scrap in the East China Metals Market Remained Low as the Traders were Reluctant to Ship

From July 25, 2022, to July 31, the throughput of copper scrap in the East China Nonferrous Metals Market was 8,300 mt, down 1.72% WoW.

time

Aug 2, 2022 10:16

Throughput of Copper Scrap in the East China Metals Market Remained Low as the Traders were Reluctant to Ship

SMM Morning Comments (Aug 2): Base Metals Closed Mostly with Losses amid Re-surfacing Recession Worries

LME and SHFE base metals closed mostly with losses because following the previously poor US GDP data, the manufacturing PMI, ISM new orders index, and monthly rate of construction expenditure of the US in July, which were released on Monday, all declined.

time

Aug 2, 2022 10:00

SMM Morning Comments (Aug 2): Base Metals Closed Mostly with Losses amid Re-surfacing Recession Worries

SHFE Tin Once Rose by More Than 6% but then was Affected by the Sufficient Supply and weak Demand

SHFE tin rose sharply today by 6.13%, but the increase narrowed to 4.38% as of the closing of the day. LME tin once rose by 2.35% and the increase narrowed to 1.41% as of 15:28, less than SHFE tin.

time

Aug 1, 2022 17:31

SHFE Tin Once Rose by More Than 6% but then was Affected by the Sufficient Supply and weak Demand

Positive News Boosted Power Battery Recycling Sector Significantly

Stocks in the power battery recycling sector advanced rapidly after today's opening, with an increase of more than 4% at one point. Specially, Dcenti hit daily limit, Narada Power rose more than 17%, and other stocks such as Huayou Cobalt, CNGR, Guanghua Sci-tech, and Camel Group all climbed more than 6%.

time

Aug 1, 2022 15:11

Industry SMM Insight

Positive News Boosted Power Battery Recycling Sector Significantly

SMM Events & Webinars

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

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.