[SMM Meridian Review] February 26 Electrolytic Nickel spot Market Express

SMM, Feb. 26: today SMM1 electrolytic nickel quoted 101700-103300 yuan / ton, Russian nickel to Shanghai nickel 2003 contract posted 50 yuan / ton to Pingshui. In the morning market, some traders quoted prices for the 04 contract, overstating that the Shanghai Nickel 04 contract posted 300-350 yuan / ton, but there were still some discount quotations for the 03 contract. The morning market transaction is OK, the trading situation is flat compared with the previous two days, the market is still lack of large single transaction. Jinchuan Nickel to Shanghai Nickel 2003 contract rose 1400-1600 yuan / ton. After the opening of the morning market, traders have a strong willingness to rise, and there are fewer transactions. In the second trading session, Jinchuan announced an ex-factory price of 102800 yuan / ton, unchanged from yesterday. Subsequently, nickel prices fell, some traders to promote transactions slightly lower rising water, but due to Shanghai arrival volume is still on the low side, it is reported that the rising water is still more than 1000 yuan.