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Nickel Spot Deals in Shanghai
Nov 6,2017 18:00CST
price review forecast
The price of nickel futures was higher than the MA this morning with less deals made today.

SHANGHAI, Nov.6 (SMM)-The price of nickel futures was higher than the MA this morning. Mainstream Norilsk nickel spot is between its par value and a premium of 100 yuan / ton. Before Jinchuan’s factory price came out, Jinchuan nickel has a premium of 200 yuan / ton than Wuxi main 1711 contract, and it fell to a premium of 100 yuan / ton after Jinchuan adjusted the price. Nickel futures price enjoyed a six-day increase and stayed at a high level. Stainless steel’s price, however, cracked due to the lack of demand. Downstream steel factories purchased electrolytic nickel with discreet. Small factories bought less without any purchase from big factories, thus less deals were made today. Alloy and electroplate factories purchased a small amount of nickel. The price range this morning is 101,400-102,200 yuan.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

Nickel spot
six-day increase

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