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Shanghai nickel spot news on the 17th of SMM7
Jul 17,2019 11:58CST
The content below was translated by Tencent automatically for reference.

SMM7, 17th, news:

The discount of Russian nickel is about 300yuan / ton than that of Shanghai nickel 1908, which is narrower than that of yesterday. Yesterday, there were downstream steel mills in the 108000 pass near the market procurement, trading volume is considerable, transaction improvement. Import profits and losses continue to be larger, flows into the domestic source of goods is not much, today's nickel plate holders have narrowed Russian nickel discount, spot feedback, today's nickel plate transactions are not as good as yesterday. Jinchuan nickel than Shanghai nickel 1908 contract generally reported a rise of 800 to 1, 000 yuan / ton, slightly narrower than yesterday. Jinchuan nickel transactions continue to be light, some holders down Jinchuan rising water, but the overall volume is small, mostly up to 1000 yuan / ton. The ex-factory price of Jinchuan Company was quoted at 110500 yuan / ton, 3000 yuan / ton higher than yesterday, and the mainstream transaction was 109100 yuan / ton.

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