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SMM April 1 Shanghai Nickel spot Daily Review
Apr 1,2020 17:19CST
The content below was translated by Tencent automatically for reference.

SMM, April 1-

Today's SMM1 electrolytic nickel quotation 92700-94700 yuan / ton, today's nickel price wide shock, downstream a small amount of buying, the market trading has not significantly improved, the trading situation of each trader is also good or bad. Today, Russian nickel to Shanghai nickel 2005 contract to apply for 100 yuan / ton to flat water, flat water supply transaction is general, the market has the new version of Russian nickel spot report 100 yuan / ton transaction is still OK, taking into account the expectation of tax reduction, there is a flow between traders to fill the warehouse, downstream demand is still just needed for small purchase. Jinchuan Nickel to Shanghai Nickel 05 contract rose 1600-1800 yuan / ton, the transaction did not warm up due to the correction of rising water. 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 maintain. It is reported that today's manufacturers to Jinchuan No. 2 nickel, No. 3 nickel price adjustment, an increase of about 500 yuan / ton, compared with the Russian nickel price difference has narrowed, will have a certain impact on the enthusiasm of traders to receive goods, other domestic brands of nickel board may have more shipping opportunities.



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