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SMM April 2 Shanghai Nickel spot Newsletter
Apr 2,2020 11:52CST
The content below was translated by Tencent automatically for reference.

SMM, April 2-

Today's SMM1 electrolytic nickel offer 90400-93000 yuan / ton. As the number of confirmed cases in the United States reached 210000, employment hit a 10-year low, and the negative macro factors hit the financial market again, the basic metals fell collectively at the beginning of trading today, gradually stabilizing the pullback in the intraday market, and by the end of the morning market, Shanghai nickel gradually recovered its decline. Russian nickel to Shanghai nickel 2005 contract reported 50 yuan / ton to rise 50 yuan / ton, after the opening of the morning market trading is particularly active, sticking water Russian nickel is gradually reduced, the mainstream market is mostly spot reported flat, intraday some traders on the rising water to 100 yuan / ton, the transaction situation is relatively weak, the overall trading volume of Russian nickel has warmed up. Jinchuan nickel, Shanghai nickel 2005 contract rose 1700-1900 yuan / ton, high water transaction is relatively weak, due to the disk decline of almost no low price, rising water 1700 yuan / ton transaction situation is OK, the trading atmosphere has also improved. Today, the ex-factory price of Jinchuan Company is 93000 yuan / ton, and only a small number of goods have arrived in Shanghai.


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