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Home / Metal News / High Price Keeps Buyers Away in China Nickel Market

High Price Keeps Buyers Away in China Nickel Market

iconAug 21, 2017 14:18
Source:SMM
On Monday, nickel price kept hovering at highs, and premiums of Jinchuan nickel were lowered further to 400-600 yuan per tonne, and Russian nickel was offered at premiums of 0-100 yuan per tonne.

SHANGHAI, Aug. 21 (SMM) – On Monday, nickel price kept hovering at highs, and premiums of Jinchuan nickel were lowered further to 400-600 yuan per tonne, and Russian nickel was offered at premiums of 0-100 yuan per tonne, according to SMM. 

China Sees Big Decline in Nickel Ore Inventories after Transportation Ban, SMM Reports

Some domestic stainless steel mills made small purchases, a sign of strong wait-and-see attitude in purchases at highs, SMM survey finds. Deals were mainly made at 89,300-90,000 yuan per tonne in the morning business. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.


 

nickel price
Jinchuan nickel
Russian nickel
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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