SMM7 2nd Shanghai nickel spot news

News from SMM7 on the 2nd of June:

Russian nickel than Shanghai nickel 1908 discount 500-400 yuan / ton. Jinchuan nickel than Shanghai nickel 1908 contract generally reported a water rise of 1400 to 1500 yuan / ton. Early trading hours, prices continue to fall sharply around 97200, spot transactions improved, downstream procurement of Russian nickel positive, Jinchuan nickel temporary wait-and-see, waiting for Jinchuan ex-factory price. The second trading session, prices continue to revolve around 97200 narrow range volatility, traders based on spot feedback, have raised water, Russian nickel water up 97200 yuan / ton, market transactions continue early trading positive sentiment. The ex-factory price of Jinchuan Company was quoted at 99200, and traders raised Jinchuan rising water to about 2000 yuan / ton, mainly due to the improvement of transaction, the supply of Jinchuan was tight, and the mainstream transaction was 96900-99300 yuan / ton.

(Shanghai SMM Network Duan Chunjing TEL:021-51666896 QQ: 2880505538)

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