SMM April 3 Shanghai Nickel spot Newsletter

SMM, 3 April:

Today's SMM1 Electrolytic Nickel offer is 92650-94750 yuan / ton. Today, Russian nickel to Shanghai nickel 2005 contract reported flat water to rise 2005 yuan / ton, the market low water quotation transaction is OK, high water traders shipment volume is less, yesterday fell sharply when some terminals have replenished the warehouse, today's market transactions mostly for the circulation between traders; Jinchuan nickel Shanghai nickel 2005 contract rose 1600-1700 yuan / ton, the transaction situation is not as good as yesterday, the market just needed downstream to pick up the goods. Today Jinchuan Company Shanghai ex-factory price of 94500 yuan / ton, Shanghai area out of stock. Today, nickel beans reported 500 yuan / ton to Shanghai Nickel 2005 contract.

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