Snapshot: Nickel spot market in Shanghai

SHANGHAI, Mar 1 (SMM) – Norilsk nickel in the Shanghai market was offered at a discount of 300 yuan/mt against the Wuxi Stainless Steel Exchange 1803 contract on the morning of Thursday March 1, while Jinchuan was flat at 103,300 yuan/mt, SMM learned.

Following a rebound in nickel prices overnight, traders were active selling while downstream customers were more reserved. Trades were heard at 102,900-103,300 yuan/mt in the morning.

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