SMM April 3 Shanghai Nickel spot Daily Review

Published: Apr 03, 2020 16:55 (GMT+8)

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SMM, 3 April:

Today's SMM1 Electrolytic Nickel offer is 92650-94750 yuan / ton. Today, Russian nickel to Shanghai nickel 2005 contract reported flat to 100 yuan / ton, today's market transaction is mostly the flow between traders, downstream replenishment enthusiasm is weak, the market low water quotation transaction is OK, high water traders shipment situation is not good, the afternoon market is still light; Jinchuan nickel Shanghai nickel 2005 contract rose 1600-1700 yuan / ton, the rise rate is stable compared with yesterday, but the transaction situation has weakened. Today Jinchuan Company Shanghai ex-factory price of 94500 yuan / ton, Shanghai area is still out of stock. Today, nickel beans to Shanghai nickel 2005 contract reported 500 yuan / ton, recently continued to have the original factory nickel beans import, but most of the terminal manufacturers long association orders, the spot market is still weak supply and demand.

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