SunSirs: China's Nickel Prices Rose Slightly by 1.86% on April 27
April 28 2021 08:42:32 SunSirs (Linda)
Nickel prices rose slightly, and the spot price was 126,216.67 yuan/ton, an increase of 1.86% from the previous day, a decrease of 1.5% from the beginning of the year, and a year-on-year increase of 21.77%. Shanghai Nickel rose 3.61% to close at 126,560 yuan/ton.
U.S. stocks rose, global economic prospects improved, demand recovery, domestic nickel stocks were low to support prices, and the external atmosphere was strong. Nickel prices were in a rebound stage. Before the May 1st holiday, some merchants had stocking demand, which caused nickel prices to rise. However, LME inventories are still at a high level, and nickel prices have risen sharply under pressure. Nickel prices are expected to fluctuate strongly in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-25 SunSirs: On April 22nd, Nickel Prices Slightly Increased
- 2024-04-11 SunSirs: The Trading Overview on Nonferrous Metals of Shanghai Futures Exchange on April 10th
- 2024-02-21 SunSirs: Nickel Morning Newspaper on February 20th
- 2024-02-01 SunSirs: The nickel price in January mainly fluctuated widely
- 2024-01-16 SunSirs: Nickel Prices Had Slightly Increased This Week (January 8-12)
