Snapshot: Nickel spot market in Shanghai-Shanghai Metals Market

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Snapshot: Nickel spot market in Shanghai

Price Review & Forecast 01:10:09PM Apr 17, 2018 Source:SMM

SHANGHAI, Apr 17 (SMM) – Norilsk nickel in the Shanghai market traded at a premium of 300 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on Tuesday April 17, while Jinchuan traded at a premium of 600 yuan/mt, SMM learned.

Jinchuan offered nickel plate at 103,500 yuan/mt.

Traders made offers actively due to ample supply. As nickel futures prices traded at high levels in the morning, downstream consumers made smaller purchases when prices dipped, while traders stockpiled modestly. Most transactions were done at 103,100-103,700 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 01:10:09PM Apr 17, 2018 Source:SMM

SHANGHAI, Apr 17 (SMM) – Norilsk nickel in the Shanghai market traded at a premium of 300 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on Tuesday April 17, while Jinchuan traded at a premium of 600 yuan/mt, SMM learned.

Jinchuan offered nickel plate at 103,500 yuan/mt.

Traders made offers actively due to ample supply. As nickel futures prices traded at high levels in the morning, downstream consumers made smaller purchases when prices dipped, while traders stockpiled modestly. Most transactions were done at 103,100-103,700 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