Shanghai nickel spot news on the 8th of SMM7

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

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SMM7 News of the 8th of July:

SMM 1 # electrolytic nickel 99200 to 102200 yuan / ton. Russian nickel than Shanghai nickel 1908 discount 400-300 yuan / ton. Jinchuan nickel than Shanghai nickel 1908 contract generally reported rising water 2400 to 2500 yuan / ton, early trading hours, the price around 99400 yuan / ton shock, the overall trend is still strong, the spot market is mainly shipping, downstream due to higher prices in wait-and-see, general feedback light trading, Jinchuan nickel rising water due to transactions generally slightly lower, market wait-and-see. In the second trading session, prices continued to rise, and then stabilized and recovered. The Russian-nickel discount maintained stability. Jinchuan Shengshui was slightly reduced by 1 to about 2100 yuan / ton, but the overall stimulus to spot was limited. Jinchuan's ex-factory price was 101000, 2000 yuan / ton higher than last Friday, and the mainstream transaction was 99200-101800 yuan / ton.

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