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SMM7 19th Shanghai nickel spot news
Jul 19,2019 11:52CST
The content below was translated by Tencent automatically for reference.

SMM7, 19th, news:

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 experienced downstream take goods, the second half of the week 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, downstream is deterred, the pure nickel cost rises sharply, reduces the pure nickel demand as far as possible. Jinchuan nickel than Shanghai nickel 1908 contract generally reported a water rise of 1200 to 1500 yuan / ton, a small increase from yesterday. Jinchuan nickel also due to the nickel price rose sharply, downstream procurement decreased, but the recent Jinchuan nickel circulation is tight, resulting in a slight increase in rising water. The ex-factory price of Jinchuan Company was 118500, 2500 yuan / ton higher than yesterday, and the mainstream transaction was 117600-119200 yuan / ton.

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