Snapshot: Nickel spot market in Shanghai

Price Review & Forecast 02:40PM Mar 19, 2018 Source:SMM

SHANGHAI, Mar 19 (SMM) – Norilsk nickel in the Shanghai market traded at a discount of about 400 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on Monday March 19, while Jinchuan stayed flat at 101,500 yuan/mt, SMM learned.

While traders made offers actively due to ample supply, downstream customers took a wait-and-see approach. Trading was relatively thin with transactions done at 101,000-101,500 yuan/mt for the most part.  

 


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

 

Key Words:  nickel   spot premium   spot discount 

Snapshot: Nickel spot market in Shanghai

Price Review & Forecast 02:40PM Mar 19, 2018 Source:SMM

SHANGHAI, Mar 19 (SMM) – Norilsk nickel in the Shanghai market traded at a discount of about 400 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on Monday March 19, while Jinchuan stayed flat at 101,500 yuan/mt, SMM learned.

While traders made offers actively due to ample supply, downstream customers took a wait-and-see approach. Trading was relatively thin with transactions done at 101,000-101,500 yuan/mt for the most part.  

 


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

 

Key Words:  nickel   spot premium   spot discount