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| Nickel Prices Unlikely to See Momentum amid Shrinking Demand |
| 2023-4-21 |
| Spot nickel trading remained sluggish since NORNICKEL nickel supply was tight, and the prices were flat from those of Jinchuan nickel. The NPI supply was slightly tight. The market supply of stainless steel scrap stood low, and arrivals of Indonesia NPI in Chinese market decreased. The spot stainless steel trades were slack, and the quotes varied greatly. The prices of 200-series stainless steel grew somewhat as the inventory dropped to a relatively low level. Short-term stainless steel spot prices will be stable with occasional falls. The spot nickel supply has tightened recently, and the demand has also weakened. believes that nickel prices are unlikely to see upward momentum. |
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2024-5-16
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Item |
SHFE |
Change |
Cu |
290376 |
+2036 |
Al |
211698 |
-10887 |
Zn |
131178 |
+2536 |
Item |
LME |
Change |
Cu |
104425 |
-200 |
Al |
1093275 |
+59825 |
Zn |
259675 |
+8800 |
Ni |
81630 |
+636 |
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2023-5-15 |
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1 USD= |
6.7021 |
Inverse: |
0.14921 |
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1 EUR= |
7.8800 |
Inverse: |
0.12690 |
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1 GBP= |
8.6373 |
Inverse: |
0.11578 |
|
1 AUD= |
5.2589 |
Inverse: |
0.19015 |
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