Spot nickel in Shanghai see modest purchases as futures weaken-Shanghai Metals Market

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Spot nickel in Shanghai see modest purchases as futures weaken

Price Review & Forecast 01:56:27PM Apr 20, 2018 Source:SMM

SHANGHAI, Apr 20 (SMM) – Norilsk nickel in the Shanghai market traded at a premium of 300 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on Friday April 20, while Jinchuan traded at a premium of 500 yuan/mt, SMM learned.

Jinchuan offered nickel plate at 105,800 yuan/mt.

Traders were relatively keen to make offers. As nickel futures prices declined overnight, downstream consumers made modest purchases and some traders stockpiled. Most transactions were done at 104,800-105,800 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 

Spot nickel in Shanghai see modest purchases as futures weaken

Price Review & Forecast 01:56:27PM Apr 20, 2018 Source:SMM

SHANGHAI, Apr 20 (SMM) – Norilsk nickel in the Shanghai market traded at a premium of 300 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on Friday April 20, while Jinchuan traded at a premium of 500 yuan/mt, SMM learned.

Jinchuan offered nickel plate at 105,800 yuan/mt.

Traders were relatively keen to make offers. As nickel futures prices declined overnight, downstream consumers made modest purchases and some traders stockpiled. Most transactions were done at 104,800-105,800 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