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SMM6 24 Shanghai nickel spot news
Jun 24,2019 11:58CST
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The content below was translated by Tencent automatically for reference.

SMM, June 24 / PRNewswire-Asianet /-

Starting this week, traders mostly bid up the Shanghai nickel 1907 discount, Russia and nickel than Shanghai nickel 1907 discount 200 to 100 yuan / ton. Jinchuan nickel than Shanghai nickel 1907 contract generally reported a water rise of 1000 yuan / ton. The Russian nickel contract is generally flat compared with the Wuxi 1907 contract, and Jinchuan nickel is generally reported to have increased the water by 1100 yuan per ton compared with the Wuxi 1907 contract. Early trading hours, the overall market price is still high, individual traders in Shanghai nickel 98800 yuan / ton position to discount 200yuan / ton transaction. However, procurement sentiment is still cautious, only on-demand procurement, sufficient supply of goods in the spot market, strong wait-and-see sentiment downstream. Jinchuan company recently reduced water sales, but traders feedback that the supply of goods in Shanghai is not abundant, according to Jinchuan company factory price to pick up the goods, but Jinchang headquarters can pick up the goods. Jinchuan nickel ex-factory price of 99200 yuan / ton, up 400 yuan / ton from Friday, the mainstream transaction at 98500 to 99600 yuan / ton.

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