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Shanghai nickel spot news on the 4th of SMM6
Jun 4,2019 11:50CST
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The content below was translated by Tencent automatically for reference.

SMM, June 4 / PRNewswire-Asianet /-

In the morning, Russia nickel than Wuxi 1906 universal discount 100 to 50 yuan / ton, Jinchuan nickel than Wuxi 1906 contract generally reported water 800 yuan / ton. After the market price fell to around 96700 yuan / ton this morning, the market activity was higher than yesterday, and the feedback transaction from traders was improved compared with yesterday. The warehouse in the early stage of the lower reaches was thicker and lower. Now the absolute price is suitable, so we began to enter the market to purchase. 96700 yuan / ton market price transaction concentration, but the overall buying rhythm is cautious. Jinchuan rising water has slightly higher, mainly because this week Jinchuan supply is a little tighter than before. Jinchuan ex-factory price quoted 97200 yuan / ton, down 500 yuan / ton from yesterday, the mainstream transaction at 96600-97300 yuan / ton.

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