SMM April 8 Shanghai Nickel spot Newsletter

Published: Apr 8, 2020 12:18

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SMM, 8 April:

Today's SMM1 Electrolytic Nickel offer is 9340095300 yuan / ton. Shanghai nickel opened low in the morning market, and soon began to recover steadily, recovering all its losses before the second trading session in the morning market, and then further stabilizing on 94000 yuan / ton. In the spot market, the Russian nickel contract for Shanghai Nickel 2005 was flat to 50 yuan / ton; when the opening price of the morning market fell, some traders rose to 100 yuan / ton, and the transaction situation was relatively weak, and soon it was revised back to 50 yuan / ton. After the plate stabilized, most traders still quoted foreign prices according to yesterday's rising water, and the overall transaction situation was flat. Jinchuan Nickel to Shanghai Nickel 2005 contract rose 1600-1700 yuan / ton; this morning, the supply of low prices is less, most traders are quoted according to 1600 yuan / ton, the transaction situation has changed little compared with yesterday.

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