Spot nickel trading in Shanghai quiet as VAT cut looms-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Production data
  • Macroeconomics
  • Market commentary
  • Morning comments
  • Aluminium
  • Copper
  • Stainless steel
  • Mengtai Group
  • Nickel
  • Futures movement
  • In the United States
  • trade negotiations

Spot nickel trading in Shanghai quiet as VAT cut looms

Price Review & Forecast 01:33:44PM Apr 26, 2018 Source:SMM

SHANGHAI, Apr 25 (SMM) – Norilsk nickel in the Shanghai market traded at a premium of 700-900 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on Thursday April 26, while Jinchuan traded at a premium of 1,300-1,400 yuan/mt, SMM learned.

Jinchuan offered nickel plate at 104,000 yuan/mt.

With the impending cut in value-added tax on May 1, traders were relatively unkeen to offer while downstream consumers purchased as needed. Trading was thin with most transactions at 103,300-104,000 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 trading in Shanghai quiet as VAT cut looms

Price Review & Forecast 01:33:44PM Apr 26, 2018 Source:SMM

SHANGHAI, Apr 25 (SMM) – Norilsk nickel in the Shanghai market traded at a premium of 700-900 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on Thursday April 26, while Jinchuan traded at a premium of 1,300-1,400 yuan/mt, SMM learned.

Jinchuan offered nickel plate at 104,000 yuan/mt.

With the impending cut in value-added tax on May 1, traders were relatively unkeen to offer while downstream consumers purchased as needed. Trading was thin with most transactions at 103,300-104,000 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