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SMM October 10 Shanghai Nickel spot Newsletter
Oct 10,2019 12:05CST
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The content below was translated by Tencent automatically for reference.

SMM, 10 October:

Today, Russian nickel compared with Shanghai nickel 1911 flat water to 100 yuan / ton, Jinchuan nickel compared with Shanghai nickel 1911 contract generally reported 200-300 yuan / ton, the discount water is the same as yesterday. After the nickel price was revised back to around 135000 last night, the nickel price rebounded all the way to the opening of the day, and the spot market continued to wait and see, with no obvious concentrated transactions. Russia nickel basic report level above, discount water supply is less, near delivery, if spot delivery is not ideal, traders consider flat water delivery. The market Jinchuan supply is still abundant, downstream demand is still not ideal. Jinchuan company ex-factory price of 137200 yuan / ton, the same as yesterday, the mainstream transaction in 136900-137300 yuan / ton.

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