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SMM October 11 Shanghai Nickel spot Newsletter
Oct 11,2019 11:49CST
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SMM, 11 Oct:

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, rising water continued to maintain stability yesterday, Jinchuan nickel rose water, holders reported up 300 yuan / ton. Today, nickel prices out of the deep V, early trading hours, nickel prices from 137300 all the way down to 135800 near, the spot market response was mediocre, spot transactions did not improve significantly. After traders agreed on the source of goods before delivering to steel mills yesterday, the market was flat today. Nickel prices stabilized and rebounded to near the opening price in 135800, and the market continued its morning mood, with fewer buyers entering the market. The ex-factory price of Jinchuan Company is 137700 yuan / ton, 500 yuan / ton higher than yesterday.

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