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SMM April 9 Shanghai Nickel spot Newsletter
Apr 9,2020 12:07CST
The content below was translated by Tencent automatically for reference.

SMM, 9 April:

Today's SMM1 electrolytic nickel offer 95000-96900 yuan / ton. In the morning market, Shanghai nickel opened high and walked low, and in the spot market, Russian nickel reported 50 yuan to 100 yuan / ton on the Shanghai nickel 2005 contract. After the opening of the morning market, the Russian nickel quotation was more chaotic, a few traders reported the discount, but the transaction was weaker. Most of the mainstream traders still continued yesterday's quotation from Pingshui to 100 yuan / ton. Today, the downstream is mostly wait-and-see, the demand is weak, the transaction situation is limited. Jinchuan nickel to Shanghai nickel 2005 contract rose 1500-1600 yuan / ton, early market transactions are also weak, some traders replenish the warehouse sporadic transactions, Shanghai supply with some relief, but from manufacturers to pick up water is still about 1500 yuan / ton, so Jinchuan Shengshui is expected to continue to hold steady in the future.


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