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Home / Metal News / Snapshot: Nickel trading in Shanghai

Snapshot: Nickel trading in Shanghai

Feb 8, 2018 16:45

Source:SMM

Russian nickel was trading at a discount of 200 yuan/mt to the Wuxi Stainless Steel Exchange 1803 contract on Thursday February 8, SMM learned.

SHANGHAI, Feb 8 (SMM) – Russian nickel was trading at a discount of 200 yuan/mt to the Wuxi Stainless Steel Exchange 1803 contract on Thursday February 8, SMM learned. This compared with a discount of 300 yuan/mt hear a day earlier.

Jinchuan nickel was trading at a premium of 100-200 yuan/mt, up from 100 yuan/mt on Wednesday.

Transactions were mostly reported at 99,000-100,100 yuan/mt today, down from 101,400-102,200 yuan/mt a day earlier with weaker futures movement.

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nickel

Russian nickel

Jinchuan nickel

Wuxi Stainless Steel Exchange

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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