SMM7, April 24th, news:

Russian nickel than Shanghai nickel 1908 sticker 300-paste 200 yuan / ton, basically the same as yesterday. Jinchuan nickel than Shanghai nickel 1908 contract generally reported a water rise of 1500 to 1700 yuan / ton, which continues to expand from yesterday. However, in the past two days, the transaction of discount 350-discount 300 is relatively active. In early trading, the nickel price fluctuated around 111700 above the daily average, although it fell in the same trading session yesterday, but there was no response downstream today, and the transaction was not as positive as yesterday. Nickel prices fell to around 111200 in the second trading session, with a slight improvement in trading, but the overall picture was not optimistic. Recently, traders replenish Jinchuan nickel relatively downstream, the downstream is basically wait-and-see. The ex-factory price of Jinchuan Company was quoted at 112300, down 2200 yuan / ton from yesterday. After Jinchuan ex-factory price, traders slightly reduced Jinchuan Shengshui, but the stimulation to the market was limited, and the mainstream transaction was 111000-112800 yuan / ton.

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

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