SMM October 15 Shanghai Nickel spot Newsletter

SMM, 15 October:

Today, Russian nickel is 200 yuan higher than Shanghai nickel 1911 to 300 yuan / ton, Jinchuan nickel is 500-600 yuan / ton higher than Shanghai nickel 1911 contract, and the discount is higher because of the recent improvement in trading, and the nickel price has dropped sharply since last night. Today, the decline continues, and the holders generally support the rise. Today's nickel prices as a whole fell more than 3000 yuan / ton from the same trading session yesterday, and the overall transaction converged with yesterday, but the feedback from individual traders was not as active as yesterday. Today, transactions around 133500 were slightly active, it was more difficult for traders to replenish their warehouses, and transactions between downstream and traders improved. Recently Jinchuan company intends to raise water, Jinchuan company ex-factory price of 134000 yuan / ton, 3700 yuan / ton lower than yesterday. Mainstream transactions with 133300 yuan / ton-134300 yuan / ton.

(Shanghai SMM Duan Chunjing TEL:021-51666896 QQ: 2880505538 WeChat 18721901187)

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