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SMM December 5 Shanghai Nickel spot Newsletter

iconDec 5, 2019 11:58
Source:SMM

SMM12 5:

Today's No. 1 electrolytic nickel quotation is 106000-109600 yuan / ton, with an average price of 107800 yuan / ton, 450 yuan / ton lower than yesterday. Nickel prices are still weak, the main contract in the morning trading session has been reduced from 104400 to around 104000 of the closing price. Russian nickel rose slightly lower than yesterday, the average price from 1650 to 1600 yuan / ton, Jinchuan nickel water low range, high down by 300 yuan, to 5000-5300 yuan / ton. Today's market continues yesterday's less spot atmosphere, the inquiry is relatively active, because the number of holders is less Russian nickel quotation is also less, the quotation level is still about 1600 yuan / ton, there are still resources in the market, but the holding situation of each family is quite different. Recently, nickel pig iron and other nickel plate brands still have obvious price advantages over Russian nickel, and Russian nickel is relatively difficult to ship, thus reducing the interest of some traders in Russian nickel trading. Jinchuan nickel rising water or more than 5000 yuan / ton high level, the actual transaction center of gravity compared with yesterday changed little, quoted high prices are basically difficult to close, so today's high-end quotation reduced. Jinchuan nickel board ex-factory price (Shanghai) 110000 yuan / ton, the same as yesterday.

(Shanghai SMM Duan Chunjing TEL:021-51666896 QQ: 2880505538 WeChat 18721901187)

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