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Shanghai nickel spot news on the 17th of SMM6
Jun 17,2019 12:08CST
The content below was translated by Tencent automatically for reference.

SMM, June 17 / PRNewswire-Asianet /-

In the morning, Russia and nickel reported 300 to 400 yuan of water per ton compared with Wuxi 1907. Jinchuan nickel than Wuxi 1907 contract generally reported a water rise of 900 yuan-1000 yuan / ton. This week, traders moved their positions to Wuxi 1907 contracts. Due to the back price difference of about 350 yuan / ton between 1906 and 1907 contracts in the morning, Russian nickel and Jinchuan nickel rose one after another. However, the transaction on Monday is not ideal, the recent profit from domestic imports continues to be large, the domestic supply continues to increase, and the downstream procurement is cautious in the case of high absolute prices. Jinchuan nickel recent transactions have been relatively light, water 900 yuan / ton shipment is more difficult. Today, the volatility of the disk is relatively narrow, at 99500 yuan / ton position, there are a small number of transactions. Jinchuan nickel ex-factory price of 100600 yuan / ton, down 400 yuan / ton from Friday, the mainstream transaction at 99800100600 yuan / ton.

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