Home / Metal News / Nickel / SMM October 08 Shanghai Nickel spot Newsletter
SMM October 08 Shanghai Nickel spot Newsletter
Oct 8,2019 12:03CST
translation
The content below was translated by Tencent automatically for reference.

SMM, Oct. 08:

Today, Russian nickel than Shanghai nickel 1911 discount to flat water, Jinchuan nickel compared with Shanghai nickel 1911 contract generally increased water 100-200 yuan / ton, higher discount water to maintain stability than before the festival. On the first trading day after the festival, nickel prices fell all the way from around 138500 to around 135000, but because of the low activity of the spot market after the festival, the decline in nickel prices had limited stimulus to spot transactions, and the overall trading in the market was still relatively deserted. Nickel prices stabilized and rebounded to 137000 in the process, spot transactions slightly improved, but the volume is still not optimistic, only a small amount of cautious procurement. The ex-factory price of Jinchuan Company is 136500 yuan / ton, which is 500 yuan / ton lower than that before the festival, and the mainstream transaction is 135800-136500 yuan / ton.

(Shanghai SMM Duan Chunjing TEL:021-51666896 QQ: 2880505538 WeChat 18721901187)

"Click to view SMM's exclusive historical price data

Big data Business contact:

 

Shanghai Nickel spot
Nickel Price
trend Forecast
SMM Review
afternoon News

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn