SMM April 7 Shanghai Nickel spot Newsletter

Published: Apr 7, 2020 11:42

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SMM, April 7-

Today's SMM1 Electrolytic Nickel offer is 9330095300 yuan / ton. On Friday, the central bank announced a cut in the central bank, Shanghai nickel rose today; the spot market as the first trading day after the festival, more wait-and-see downstream, transactions mostly between traders. Russian nickel to Shanghai Nickel 2005 contract flat to 50 yuan / ton, nickel prices in the morning fell back, but the discount has not changed. Jinchuan nickel morning market quotation to Shanghai nickel 2005 contract rose 1500-1700 yuan / ton or so, due to the holiday period Jinchuan company has arrived in Shanghai, today traders have replenishment, receiving volume is OK, it is expected that the future rising water will follow the ex-factory price quotation range, stable at 1500-1800 yuan / ton.

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