SHANGHAI, Mar 28 (SMM) – Norilsk nickel in the Shanghai market traded at a discount of about 200 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on Wednesday March 28, while Jinchuan traded at a premium at 400 yuan/mt, SMM learned.

Jinchuan offered nickel plate at 97,200 yuan/mt.

Prices of nickel futures traded rangebound in the morning and traders made offers actively due to ample supply, while downstream consumers bought on demand. Trading was relatively thin, with most transactions seen at 96,200-97,200 yuan/mt.

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