Jinchuan Nickel Gets Popular on Small Gap over Russian Nickel-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Stainless steel
  • Aluminium
  • Rare earths
  • Nickel
  • Market commentary
  • Zinc
  • Macroeconomics
  • Iron ore
  • Sales data
  • Copper
  • precious metals
  • Futures movement
  • Production data
  • Nickel ore

Jinchuan Nickel Gets Popular on Small Gap over Russian Nickel

Industry News 03:12:33PM Sep 05, 2017 Source:SMM

SHANGHAI, Sept. 5 (SMM) – 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 of 100-200 yuan per tonne between the two, SMM learns. 

On Tuesday, Jinchuan Group cut nickel ex-works price by 400 yuan per tonne, which was lower than its spot offers in the morning business. 

Alloy and electroplating plants purchased nickel as-needed. Mainstream traded prices in the morning trade were largely between 95,000-95,200 yuan per tonne.    

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

Jinchuan Nickel Gets Popular on Small Gap over Russian Nickel

Industry News 03:12:33PM Sep 05, 2017 Source:SMM

SHANGHAI, Sept. 5 (SMM) – 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 of 100-200 yuan per tonne between the two, SMM learns. 

On Tuesday, Jinchuan Group cut nickel ex-works price by 400 yuan per tonne, which was lower than its spot offers in the morning business. 

Alloy and electroplating plants purchased nickel as-needed. Mainstream traded prices in the morning trade were largely between 95,000-95,200 yuan per tonne.    

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