SMM7 22 July news:

Russian nickel than Shanghai nickel 1908 sticker 350-paste 300 yuan / ton, basically stable than last Friday. Today, the nickel price correction, the overall fluctuation around 105000 yuan / ton narrow range, the market response is flat, mostly for traders to inquire each other, downstream buyers are very few. 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 1300 yuan to 1, 500 yuan / ton, a small increase from Friday. Jinchuan nickel is also high due to nickel prices, 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 116000, down 2500 yuan per ton from Friday, and the mainstream transaction was 114500 to 116300 yuan per ton.

(Shanghai SMM Network Duan Chunjing TEL:021-51666896 QQ: 2880505538)

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