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Shanghai nickel spot news on the 3rd of SMM6
Jun 3,2019 12:07CST
The content below was translated by Tencent automatically for reference.

SMM, June 3 / PRNewswire-Asianet /-

In the morning, Russia and nickel than Wuxi 1906 universal discount 100 yuan / ton, but traders feedback that discount narrowing is not spot transactions become better, only because the market decline is larger, discount slightly narrowed, the transaction is still light. Jinchuan nickel than Wuxi 1906 contract generally reported a water rise of 600 yuan / ton. However, the basic price is no market, the trading is also light, traders feedback the recent downstream consumption is not good, the spot market supply is sufficient, delivery is difficult. Disk prices continue to fall, downstream take goods more cautious, only on demand a small amount of procurement. Jinchuan ex-factory price quoted 97700 yuan / ton, down 1300 yuan / ton from Friday, the mainstream transaction at 97200-97900 yuan / ton.

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