SMM Nickel Market Daily Review (2015-9-16)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2015-9-16)

Price Review & Forecast 09:21:23AM Sep 17, 2015 Source:SMM

SHANGHAI, Sept. 17 (SMM) – SMM #1 nickel prices were between RMB 75,600-76,400/mt. Discounts of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 100/mt in the morning, with discounts of Russian nickel around RMB 500/mt. Spot discounts stayed steady as nickel futures prices stabilized, with traded prices between RMB 75,700-76,300/mt. Nickel futures prices rose in the afternoon, but downstream buying interest was low. Supply was ample after delivery of SHFE 1509 nickel contracts, with traded prices between RMB 76,200-76,800/mt. 


Key Words:  nickel prices 

SMM Nickel Market Daily Review (2015-9-16)

Price Review & Forecast 09:21:23AM Sep 17, 2015 Source:SMM

SHANGHAI, Sept. 17 (SMM) – SMM #1 nickel prices were between RMB 75,600-76,400/mt. Discounts of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 100/mt in the morning, with discounts of Russian nickel around RMB 500/mt. Spot discounts stayed steady as nickel futures prices stabilized, with traded prices between RMB 75,700-76,300/mt. Nickel futures prices rose in the afternoon, but downstream buying interest was low. Supply was ample after delivery of SHFE 1509 nickel contracts, with traded prices between RMB 76,200-76,800/mt. 


Key Words:  nickel prices