SMM7 29 Shanghai nickel spot news

Published: Jul 29, 2019 12:06 (GMT+8)

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SMM7 29 July news:

Russian nickel than Shanghai nickel 1908 discount 200-paste 150 yuan / ton or so, but the actual transaction to discount 250 yuan / ton is more positive, narrowed slightly than last Friday. Jinchuan nickel generally reported a water rise of 1800 yuan per ton compared with the Shanghai nickel 1908 contract, slightly narrower than last week. In early trading, nickel prices rose and fell back, in the process of falling, 110700, 110500, 110300 have a small amount of transactions, Russian nickel and Jinchuan nickel have. The holder's willingness to push up the discount is strong, mainly due to the low inflow of goods in the later period. Jinchuan company maintenance stage, the supply is tight. The second trading period, nickel prices around 109000 yuan / ton consolidation, spot transactions slightly improved than in the morning, but the overall pace of taking goods is still cautious, downstream on-demand procurement, traders are also willing to paste 300yuan / ton replenishment, but the low price goods are uncomfortable. Jinchuan ex-factory price of 111500 yuan / ton, down 1000 yuan / ton from Friday, the mainstream transaction at 109700 to 111800 yuan / ton.

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