Shanghai nickel spot news on the 1st of SMM7

SMM7 News of the 1st of July:

Russian nickel than Shanghai nickel 1908 discount 600-500 yuan / ton. Jinchuan nickel than Shanghai nickel 1908 contract generally reported a water rise of 1000 yuan / ton. Compared with the Wuxi 1907 contract, the Russian nickel contract generally reported a discount of 200 yuan per ton, and Jinchuan nickel generally reported a water rise of about 1300 yuan to 1400 yuan per ton compared with the Wuxi 1907 contract. In early trading, prices rose sharply after falling back, fell to the 100000 level near the concussion concentrated transaction, Russian nickel general report discount 500yuan / ton, the transaction is limited. Individual traders reported a discount of 600 yuan per ton, which stimulated the transaction and was relatively active, but then raised the water to 500 yuan per ton of discount. Jinchuan nickel basically rose 1000 yuan / ton, although the trading is light, but the holder has a strong willingness to lift water, No. 1 Jinchuan nickel supply is tight. The second trading period, the price continues to fluctuate near the 100000 gate, some wait and see downstream to purchase, but the quantity is limited, Jinchuan nickel factory price is 99700 yuan / ton, but the positive production can deliver Jinchuan nickel source is less, this price for electrodeposit nickel, the market is still traded by traders bid, the mainstream transaction at 99400 100800 yuan / ton.

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

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