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Shanghai nickel spot news on the 16th of SMM7
Jul 16,2019 11:45CST
The content below was translated by Tencent automatically for reference.

SMM7, 16th, news:

Russian nickel than Shanghai nickel 1908 discount about 500yuan / ton, more stable than yesterday. Although the spot market trading is light in the near future, but the Russian nickel paste has not gradually expanded, mainly because of the serious import loss, there has not been a large number of sources of goods flowing into China in the near future, and the holders believe that even if the rising water is reduced, the stimulation for the transaction is limited. Jinchuan nickel than Shanghai nickel 1908 contract generally reported a water rise of 1000 yuan / ton, slightly narrower than yesterday. Prices continue to rise today, the spot market transactions are cold, only a few downstream, because of the future bullish, into the market procurement, but the overall wait-and-see. The ex-factory price of Jinchuan Company was quoted at 107500 yuan, an increase of 500 yuan per ton from yesterday, and the mainstream transaction was 106 500 yuan to 108 000 yuan per ton.

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