SMM7 31 July Shanghai nickel spot news

News from SMM7 on the 31st of July:

Russian nickel than Shanghai nickel 1908 sticker 100-stick 100 yuan / ton, compared with yesterday continued to narrow slightly. Russian nickel than Shanghai nickel 1909 discount 400-300 yuan / ton. Compared with the Shanghai nickel 1908 contract, Jinchuan nickel generally reported a water rise of 1700 yuan to 1900 yuan / ton, which is slightly narrower than that of the Shanghai nickel 1908 contract. Jinchuan than Shanghai nickel 1909 contract generally reported a water rise of 1700 yuan / ton. Early trading hours, nickel prices around the daily average weak finishing, but downstream fear of high procurement, traders due to low-price sources difficult to close, trading is also light. In the second trading session, nickel prices continued to rise, spot trading continued in the morning mood, wait-and-see. In the near future, Russian nickel and Jinchuan nickel can be circulated to tighten the source of goods, resulting in a strong willingness of the holder to lift the water. The mainstream transaction is 112100 to 114000 yuan / ton.

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

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