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SMM October 25 Shanghai Nickel spot Newsletter
Oct 25,2019 11:58CST
The content below was translated by Tencent automatically for reference.

SMM, 25 Oct:

Today, Russia nickel than Shanghai nickel 1911 discount to 150 yuan / ton, Jinchuan nickel than Shanghai nickel 1911 contract generally discount 150 yuan / ton to Pingshui. Russian nickel Jinchuan rising water continues to decline, mainly due to the continuation of the previous phenomenon, Shanghai nickel and Wuxi nickel price difference is large, stimulate steel mills to purchase nickel beans in Wuxi plate, nickel plate demand is restrained, Shanghai spot market is weak. Second, nickel prices rebounded in the second half of the week after a high shock, curbing spot trading. And Jinchuan company recently high active shipment, some traders can discount Jinchuan, but because downstream demand has been depressed, Jinchuan nickel discount transaction phenomenon. The ex-factory price of Jinchuan Company is 136200 yuan / ton, 1700 yuan / ton higher than yesterday.

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