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SMM April 7 Shanghai Nickel spot Daily Review
Apr 7,2020 17:23CST
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Source:SMM
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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, and nickel rose higher in the morning market. As today is the first trading day after the festival, most of the transactions in the lower reaches of the spot market are in a wait-and-see attitude, and most of the transactions are between traders. Russian nickel to Shanghai nickel 2005 contract reported flat water to 50 yuan / ton, today flat water supply has a small number of transactions, rising water quotation transaction is relatively weak. Jinchuan Nickel Morning Market quotation of Shanghai Nickel 2005 contract rose 1500-1700 yuan / ton, demand is also light. However, during the holiday period, Jinchuan Company has arrived in Shanghai, and the supply situation has eased somewhat. Today, the traders have replenished the goods and received the goods. It is expected that in the future Jinchuan nickel rising water will follow the quotation range of the ex-factory price, holding steady at 1500-1800 yuan / ton. Today, nickel beans reported $500 per tonne for the 2005 contract, which is still weak in supply and demand.

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