Shanghai nickel spot news on the 18th of SMM7

Published: Jul 18, 2019 12:04 (GMT+8)

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SMM7 18 / 18 / PRNewswire-FirstCall-Asianet /-

Russian nickel than Shanghai nickel 1908 sticker 350-paste 300 yuan / ton, more stable than yesterday. The recent nickel price crazy pull up, the first half of the week after the downstream take goods, today's transaction tends to be flat, spot trading in general. Although the spot transaction is cold, but the holder because recently does not have the massive source of goods to flow into the domestic, basically by the straight rise discount water primarily. Jinchuan nickel than Shanghai nickel 1908 contract generally reported a water rise of 1200 to 1300 yuan / ton, an increase from yesterday. Jinchuan nickel also due to a sharp rise in nickel prices, downstream procurement decreased, but recently due to the rise of reasonable, traders into the market consignee in the majority, resulting in a small increase in water. The ex-factory price of Jinchuan Company was 116000, 5500 yuan / ton higher than yesterday, and the mainstream transaction was 114500-116200 yuan / ton.

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