Shanghai nickel spot news on the 5th of SMM7

Published: Jul 05, 2019 12:08 (GMT+8)

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SMM7 News of the 5th of June:

Russian nickel than Shanghai nickel 1908 discount 400-300 yuan / ton. Jinchuan nickel than Shanghai nickel 1908 contract generally reported rising water 2600-2800 yuan / ton, early trading hours, the price around 98200 yuan / ton shock after the rapid decline, the spot market is calm, general feedback trading is light, even if the price is lower, the boost to spot transactions is limited. Jinchuan nickel rose slightly, but the response was equally flat. In the second trading period, the price continued to bottom out, and then stabilized and rebounded, and the transaction was slightly improved around 97600 yuan / ton. The rising water in Jinchuan was slightly reduced by about 97600 yuan / ton, although the ex-factory price of Jinchuan Company was 99000, down 1000 yuan / ton from yesterday, but the market welcome supply is tight, the mainstream transaction at 97400100700 yuan / ton.

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

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