Metals News
Snapshot: Nickel spot market in Shanghai
price review forecast
16:19PM
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.

 


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