Snapshot: Nickel spot market in Shanghai-Shanghai Metals Market

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Snapshot: Nickel spot market in Shanghai

Price Review & Forecast 02:18:00PM Mar 21, 2018 Source:SMM

SHANGHAI, Mar 21 (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 Wednesday March 21, while Jinchuan traded at a premium of 100 yuan/mt, SMM learned.

Jinchuan offered nickel plate at 101,200 yuan/mt today.

As nickel futures traded in a tight range in the morning, traders made offers actively due to ample supply while downstream consumers purchased as needed. Trading was relatively thin with transactions mostly seen at 100,600-101,200 yuan/mt.


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 02:18:00PM Mar 21, 2018 Source:SMM

SHANGHAI, Mar 21 (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 Wednesday March 21, while Jinchuan traded at a premium of 100 yuan/mt, SMM learned.

Jinchuan offered nickel plate at 101,200 yuan/mt today.

As nickel futures traded in a tight range in the morning, traders made offers actively due to ample supply while downstream consumers purchased as needed. Trading was relatively thin with transactions mostly seen at 100,600-101,200 yuan/mt.


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