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Home / Metal News / Nickel trading quiet in Shanghai on higher futures

Nickel trading quiet in Shanghai on higher futures

Feb 2, 2018 13:46

Source:SMM

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.

SHANGHAI, Feb 2 (SMM) – 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 in the Shanghai market, SMM learned.

Higher nickel futures prices overnight have left market participants reluctant to trade. Transactions were reported at 103,300-104,000 yuan/mt in the morning.

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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.

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