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Home / Metal News / Snapshot: Nickel spot market in Shanghai

Snapshot: Nickel spot market in Shanghai

Mar 14, 2018 12:09

Source:SMM

Nickel spot market in Shanghai

SHANGHAI, Mar 14 (SMM) – Norilsk nickel in the Shanghai market was offered at a discount of 500 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on the morning of Wednesday March 14, while Jinchuan remained flat at 103,700 yuan/mt, SMM learned.

As nickel prices rose, traders sold actively while downstream customers held back. Overall trading was thin, and trades were heard at 103,050-103,700 yuan/mt in the morning.

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nickel

spot premium

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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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Snapshot: Nickel spot market in Shanghai

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