Norilsk nickel in the Shanghai market traded at a premium of about 300 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on Tuesday April 17.

Steel mills in Xuzhou to resume production on Apr 19

SHANGHAI, Apr 17 (SMM) &ndash; Norilsk nickel in the Shanghai market traded at a premium of&nbsp;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&nbsp;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.

&nbsp;

<hr />
For editorial queries, please contact Daisy Tseng at daisy@smm.cn&nbsp; 
For more information on how to access our research reports, please email service.en@smm.cn&nbsp;