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SMM October 17 Shanghai Nickel spot Newsletter
Oct 17,2019 11:54CST
The content below was translated by Tencent automatically for reference.

SMM, 17 October:

Today, Russian nickel rose 300 yuan to 400 yuan / ton compared with Shanghai Nickel 1911. Jinchuan Nickel generally reported 400-600 yuan / ton compared with Shanghai Nickel 1911 contract. Only a few traders reported 400 yuan / ton, and generally reported 600 yuan / ton. Today's nickel prices continued yesterday's decline, opening all the way lower. In the process of falling, the response of the spot market is mediocre, fully reflecting the mentality of buying up and not buying and falling, and is generally pessimistic about the future. Russian nickel rising water continues to rise slightly, but the trading is not ideal, because the source of negotiable goods is tight superimposed nickel price fell sharply, the holder is more willing to rise. However, there are still some low-liter water supply transactions, Jinchuan Shengshui 400 yuan / ton has the actual transaction. On the whole, it is not as active as the first half of the week, converging with yesterday. The ex-factory price of Jinchuan Company is 131700 yuan / ton, 3000 yuan / ton higher than yesterday.

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