SMM April 1 Shanghai Nickel spot Newsletter

SMM, April 1-

Today, Electrolytic Nickel SMM1 offers 92700-94700 yuan per ton. Russian nickel to Shanghai nickel 2005 contract to apply for 100 yuan / ton to Pingshui, some traders to the recent customs clearance import of the new version of Russian nickel spot report 100 yuan / ton, the morning market transaction situation is better, due to the lower price of warehouse receipts in the market, trade and downstream of the terminal have a certain number of goods. Jinchuan Nickel to Shanghai Nickel 05 contract rose 1600-1800 yuan / ton, there are also a small number of transactions in the morning market. Today, Jinchuan company ex-factory price held steady at 94500 yuan / ton for the third day in a row, Shanghai area is still relatively small, Jinchuan No. 1 nickel rising water is expected to continue to hold stable. It is reported that today's manufacturers to Jinchuan No. 2 nickel, No. 3 nickel price adjustment, an increase of about 1000 yuan / ton, although it is still lower than Russian nickel, but will have a certain impact on the downstream enthusiasm.

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