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Home / Metal News / SMM Nickel Market Daily Review (2013-2-6)

SMM Nickel Market Daily Review (2013-2-6)

Feb 7, 2013 09:19

Source:SMM

On Wednesday, mainstream traded prices for Jinchuan nickel were RMB 131,100-131,300/mt in the Shanghai nickel market, and RMB 129,900-130,100/mt for Russian nickel.

SHANGHAI, Feb. 7 (SMM) – On Wednesday, mainstream traded prices for Jinchuan nickel were RMB 131,100-131,300/mt in the Shanghai nickel market, and RMB 129,900-130,100/mt for Russian nickel. Trading in spot market remained tepid on Wednesday. More and more traders were closing fore the holiday, with few quotations heard, and those quotations were little changed in response to light trading and no arbitrage opportunity.

Jinchuan nickel

Russian nickel

Shanghai nickel market

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Nickel futures prices rose significantly last week and then fell to around 140,000 yuan/mt on February 26, and the spot transactions rebounded. Currently, the downstream industries of refined nickel have fully resumed work, and the orders from alloy casting enterprises are relatively stable as they had restocked before CNY and maintained production in holiday.

Mar 2, 2021 13:52

SMM Insight Analysis

Spot quotations stood high amid low inventories, downstream demand likely to rebound due to work resumption

Nickel trading quiet in Shanghai on higher futures

Russian nickel was trading at a discount of 300 yuan/mt against the Wuxi Stainless Steel Exchange 1802 contract on Friday February 2 whereas Jinchuan nickel was flat, SMM learned.

Feb 2, 2018 13:46

SMM Comments

Nickel trading quiet in Shanghai on higher futures

Rising Nickel Price Grows Cautious Buying Interest

Trading sentiment in China’s domestic nickel market was moderate, with SHFE nickel fluctuating.

Oct 10, 2017 13:35

Industry

Rising Nickel Price Grows Cautious Buying Interest

Nickel Price Advances Following Production Cut News

Oct 9, 2017 13:25

Industry

Nickel Price Advances Following Production Cut News

Premiums for Russian Nickel in Bonded Area Rise Rapidly

With the opening of profitable import window for several days, premiums for Russian nickel in bonded area rose rapidly.

Sep 28, 2017 13:43

SMM Insight

Premiums for Russian Nickel in Bonded Area Rise Rapidly

Nickel Purchases Grow for Upcoming One-Week Holiday

On Tuesday, Jinchuan nickel was offered at premiums of RMB 800/mt over Wuxi’s 1710 nickel, and Russian nickel at premiums of RMB 250-300/mt over the same contract.

Sep 19, 2017 14:08

Industry

Nickel Purchases Grow for Upcoming One-Week Holiday

Nickel Price Hovering at Highs Raises Strong Caution

Nickel price hovered at highs on Friday, and market caution ruled market trading sentiment, with small purchases by alloy and electroplating plants, Shanghai Metals Market learns.

Sep 8, 2017 14:11

SMM Insight

Nickel Price Hovering at Highs Raises Strong Caution

Jinchuan Nickel Gets Popular on Small Gap over Russian Nickel

On Tuesday, downstream producers were not active in purchases despite price fallback from highs. Some traders chose to sell Russian nickel and buy Jinchuan nickel due to a smaller gap.

Sep 5, 2017 15:12

Industry Reminder

Premiums of Russian Nickel Edge Higher, SMM Reports

Premiums of imported Russian nickel traded higher slightly last week due to limited resources, Shanghai Metals Market learns.

Sep 4, 2017 13:25

SMM Insight

Premiums of Russian Nickel Edge Higher, SMM Reports

Price Spread between Jinchuan and Russian Nickel Narrows, SMM Reports

On Friday, trading picked up in China’s domestic nickel spot market as nickel fell back slightly from highs, Shanghai Metals Market learns.

Aug 25, 2017 13:52

Industry Reminder

Price Spread between Jinchuan and Russian Nickel Narrows, SMM Reports

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