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Shanghai nickel spot news on the 15th of SMM7
Jul 15,2019 12:00CST
translation
The content below was translated by Tencent automatically for reference.

SMM7, 15th, news:

The discount of Russian nickel to Shanghai nickel 1908 is about 500yuan / ton, which is slightly larger than that of Friday. Jinchuan nickel than Shanghai nickel 1908 contract generally quoted water 1000 to 1100 yuan / ton, a higher price is basically non-market. In the early trading period, the price fluctuated around 106000 yuan / ton, and the response of the spot market was mediocre, mainly by traders, only individual traders entered the market for inquiry, and the downstream was basically on the sidelines. The sharp rise in nickel prices led to the continued weakening of downstream demand and the active search for other alternative raw materials. Jinchuan nickel water continued to narrow compared with last week, the market is also no feedback. In the second trading period, the price rose slightly, the trading situation did not improve, the premium remained stable, and the demand was light. The ex-factory price of Jinchuan Company was quoted at 107000, an increase of 3000 yuan per ton from Friday to 105, 300 to 107, 100 yuan per ton.

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