Shanghai nickel spot news on the 20th of SMM6

Published: Jun 20, 2019 11:58 (GMT+8)

SMM, June 20 / PRNewswire-Asianet /-

In the morning, Russia and nickel level water to 50 yuan per ton of water than Wuxi 1907. Jinchuan nickel than Wuxi 1907 contract generally reported 700 yuan / ton of water. Russian nickel and Jinchuan rising water is generally down, traders feedback that the recent spot market supply gradually increased, but this morning the overall market price is higher, downstream consumption is weak, spot market trading is very light, some traders Russian nickel discount in the shipment, but the quantity is not large. Jinchuan Company has also been actively shipping water in the near future. Traders followed the reduction of Jinchuan Shengshui, Jinchuan nickel factory price of 100000 yuan / ton, down 200 yuan / ton from yesterday, the mainstream transaction at 99650 100200 yuan / ton.

(Shanghai SMM Network Duan Chunjing TEL:021-51666896 QQ: 2880505538)

"Click to view SMM exclusive historical price data

Big data Business contact:

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Stainless Steel Flash] India Extends AD Probe on Stainless CRC from China, Indonesia and Vietnam by 6 Months
Sep 25, 2026 15:45 (GMT+8)
[SMM Stainless Steel Flash] India Extends AD Probe on Stainless CRC from China, Indonesia and Vietnam by 6 Months
Read More
[SMM Stainless Steel Flash] India Extends AD Probe on Stainless CRC from China, Indonesia and Vietnam by 6 Months
[SMM Stainless Steel Flash] India Extends AD Probe on Stainless CRC from China, Indonesia and Vietnam by 6 Months
India's Directorate General of Trade Remedies (DGTR) issued a notification on September 22, confirming the central government's approval to extend the anti-dumping investigation deadline on stainless steel cold-rolled flat products originating in or exported from China, Indonesia, and Vietnam by six months, from September 28, 2026 to March 28, 2027. The extension maintains the original product scope covering 300 and 400 series coils, strips, sheets, plates, and circles, without issuing any findings or preliminary duty rates. The investigation, which commenced on September 29, 2025, covers specific austenitic, ferritic, and martensitic grades, excluding hot-rolled flat products, duplex grades, and 200-series products with specific nickel content levels.
Sep 25, 2026 15:45 (GMT+8)
[SMM Analysis] Indonesian Production Cuts and Pre-Holiday Caution Slow the Decline in NPI Prices
Sep 24, 2026 16:47 (GMT+8)
[SMM Analysis] Indonesian Production Cuts and Pre-Holiday Caution Slow the Decline in NPI Prices
Read More
[SMM Analysis] Indonesian Production Cuts and Pre-Holiday Caution Slow the Decline in NPI Prices
[SMM Analysis] Indonesian Production Cuts and Pre-Holiday Caution Slow the Decline in NPI Prices
Indonesian production cuts slowed the decline in NPI prices, but rising port inventories and weak stainless steel demand kept buyers cautious. The NPI discount to refined nickel widened, modestly improving the economics of conversion to high grade matte, though direct NPI sales remained more profitable.
Sep 24, 2026 16:47 (GMT+8)
[SMM Analysis] Downstream Demand Shows No Improvement as Nickel Intermediate Prices Diverge
Sep 24, 2026 16:35 (GMT+8)
[SMM Analysis] Downstream Demand Shows No Improvement as Nickel Intermediate Prices Diverge
Read More
[SMM Analysis] Downstream Demand Shows No Improvement as Nickel Intermediate Prices Diverge
[SMM Analysis] Downstream Demand Shows No Improvement as Nickel Intermediate Prices Diverge
MHP payables weakened amid ample supply and cautious downstream buying, while high grade nickel matte payables held steady. Despite a rebound in benchmark nickel prices, MHP’s nickel and cobalt component prices fell. Nickel intermediates are expected to remain under pressure in the near term.
Sep 24, 2026 16:35 (GMT+8)