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SMM October 14 Shanghai Nickel spot Newsletter
Oct 14,2019 11:59CST
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The content below was translated by Tencent automatically for reference.

SMM, 14 October:

Today, Russian nickel is 50 yuan / ton higher than Shanghai Nickel 1911, Jinchuan Nickel is 200-300 yuan / ton higher than Shanghai Nickel 1911 contract, the discount is slightly higher than last week, and Russian nickel is slightly higher than last week, mainly due to the recent slight improvement in Russian nickel transactions, while imports maintain a large loss, superimposed near the delivery date, the holder is quite high, but there are still individual traders feedback flat water can also be shipped. Jinchuan Shengshui reported 300 yuan / ton this morning, but the general feedback transaction is less, individual feedback can be reduced by 50-100 yuan / ton. Today, the overall performance of nickel prices is stable, trading near 135800 is slightly concentrated, entering traders generally feedback that a small amount of Russian nickel transactions, Jinchuan nickel transactions are not as active as Russian nickel. Market acceptance of prices around 135000 is better than before. The ex-factory price of Jinchuan Company is 137700 yuan / ton, the same as last Friday.

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