Snapshot: Nickel trading in Shanghai-Shanghai Metals Market

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Snapshot: Nickel trading in Shanghai

Price Review & Forecast 04:45:14PM Feb 08, 2018 Source:SMM

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. 

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn 

Price

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SMM #1 Nickel
May.20
98400.0
-650.0
(-0.66%)
#1 JinChuan Nickel
May.20
99075.0
-975.0
(-0.97%)
#1 Import Nickel
May.20
97725.0
-325.0
(-0.33%)
JinChuan B&C
May.20
1700.0
-750.0
(-30.61%)
Russian nickel premium
May.20
325.0
-50.0
(-13.33%)

Snapshot: Nickel trading in Shanghai

Price Review & Forecast 04:45:14PM Feb 08, 2018 Source:SMM

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. 

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn