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SMM6 26 July Shanghai nickel spot news
Jun 26,2019 11:46CST
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The content below was translated by Tencent automatically for reference.

SMM, June 26 / PRNewswire-Asianet /-

Russian nickel than Shanghai nickel 1907 discount 400-300 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 1300 yuan per ton compared with the Wuxi 1907 contract. Early trading hours, the lower reaches of the high continue to wait and see, cautious procurement into the market. Subsequently, the high price fell, the Shanghai nickel 1907 contract fluctuated around a narrow range of 100200 yuan / ton, due to the adequate supply of nickel in the spot market, the holder mainly shipped, the price decline to stimulate the transaction is still limited, the lack of actual consumption participation, and the recent lack of enthusiasm for traders to take goods. Jinchuan nickel strong, although the transaction is weak, but electrolytic nickel supply is slightly tight, supply and demand is weak. Jinchuan nickel ex-factory price of 101000 yuan / ton, up 1000 yuan / ton from yesterday, the mainstream transaction at 99900 to 101200 yuan / ton.

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