Snapshot: Nickel spot market in Shanghai-Shanghai Metals Market

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Snapshot: Nickel spot market in Shanghai

Price Review & Forecast 02:03:42PM Apr 02, 2018 Source:SMM

SHANGHAI, Apr 2 (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 Monday April 2, while Jinchuan traded at a premium of 300 yuan/mt, SMM learned.

Jinchuan offered nickel plate at 100,000 yuan/mt.

Traders made offers actively due to ample supply, while downstream consumers took a watch-and-wait approach as the prices remained at highs. Trading was thin, with most transactions seen at 99,500-100,000 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 02:03:42PM Apr 02, 2018 Source:SMM

SHANGHAI, Apr 2 (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 Monday April 2, while Jinchuan traded at a premium of 300 yuan/mt, SMM learned.

Jinchuan offered nickel plate at 100,000 yuan/mt.

Traders made offers actively due to ample supply, while downstream consumers took a watch-and-wait approach as the prices remained at highs. Trading was thin, with most transactions seen at 99,500-100,000 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