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SMM April 2 Shanghai Nickel spot Daily Review
Apr 2,2020 17:54CST
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, and employment hit a 10-year low, the bearish macro factors once again hit the financial market. At the beginning of trading, basic metals collectively fell sharply, but intraday prices of crude oil boosted them. Basic metals gradually stabilized the pullback, and all of the Shanghai nickel recovery day fell in the afternoon. Today, Russian nickel to Shanghai nickel 2005 contract offer 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 flat on the spot, some traders on the plate to rise to 100 yuan / ton, the transaction situation is relatively weak. Although trading weakened in the afternoon, the overall trading volume of Russian nickel still picked up significantly today. 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. Today's nickel bean Shanghai nickel 2005 contract offer of 500 yuan / tonne, today is still weak supply and demand.


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