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Shanghai nickel spot news on the 10th of SMM6
Jun 10,2019 12:05CST
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The content below was translated by Tencent automatically for reference.

SMM, June 10 / PRNewswire-Asianet /-

In the morning, Russian nickel is more common than Wuxi 1906 water, individual traders reported a discount of 50 yuan / ton, but the source of goods is not much. Compared with Wuxi 1906 contract, Jinchuan nickel generally reported a water rise of 1000 yuan to 1, 100 yuan per ton. On Monday, the market price rebounded, traders feedback transaction is light, mainly due to the absolute price rise led to downstream procurement caution, and last week downstream has been actively stocked, there is still inventory consumption. In the early trading session, before the price rose sharply, there were a small number of transactions. As the price continues to rebound, the transaction becomes worse, but the holder is basically dominated by rising water. Jinchuan ex-factory price quoted 97500 yuan / ton, up 1100 yuan / ton from Friday, the mainstream transaction at 96600-97700 yuan / ton.

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