Metals News
Snapshot: Nickel spot market in Shanghai
price review forecast
01:10PM
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 

nickel
spot premium
spot discount
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data