Snapshot: Nickel spot market in Shanghai-Shanghai Metals Market

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Snapshot: Nickel spot market in Shanghai

Price Review & Forecast 04:19:37PM Apr 11, 2018 Source:SMM

SHANGHAI, Apr 11 (SMM) – Norilsk nickel in the Shanghai market was offered at a premium of 400 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on the morning of Wednesday April 11.

Jinchuan nickel was offered at a premium of 900-1,000 yuan/mt and Jinchuan nickel plate was offered at 101,600 yuan/mt, SMM learned. 

Prices of nickel futures traded rangebound in the morning. With adequate supplies of nickel, traders sold actively and downstream customers purchased as needed. Trading was flat and transactions were seen at 101,200-101,900 yuan/mt in the morning.

 


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 

Price

more
SMM #1 Nickel
Oct.21
128600.0
-2400.0
(-1.83%)
#1 JinChuan Nickel
Oct.21
128750.0
-2400.0
(-1.83%)
#1 Import Nickel
Oct.21
128550.0
-2300.0
(-1.76%)
JinChuan B&C
Oct.21
10550.0
6000.0
(131.87%)
Russian nickel premium
Oct.21
10300.0
5950.0
(136.78%)

Snapshot: Nickel spot market in Shanghai

Price Review & Forecast 04:19:37PM Apr 11, 2018 Source:SMM

SHANGHAI, Apr 11 (SMM) – Norilsk nickel in the Shanghai market was offered at a premium of 400 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on the morning of Wednesday April 11.

Jinchuan nickel was offered at a premium of 900-1,000 yuan/mt and Jinchuan nickel plate was offered at 101,600 yuan/mt, SMM learned. 

Prices of nickel futures traded rangebound in the morning. With adequate supplies of nickel, traders sold actively and downstream customers purchased as needed. Trading was flat and transactions were seen at 101,200-101,900 yuan/mt in the morning.

 


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