SMM April 13 Shanghai Nickel spot Newsletter

Published: Apr 13, 2020 11:59 (GMT+8)

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SMM, 13 April:

Today, SMM1 Electrolytic Nickel quoted 9690098600 yuan / ton, the average price is down 300 yuan / ton compared with last Friday. Russia Nickel to Shanghai Nickel 2005 contract 50-up 50 yuan / ton, Jinchuan Nickel to Shanghai Nickel 2005 contract up 1400-1500 yuan / ton. Today's morning market in the city Shang Sheng discount offer is flat compared with last Friday, Russian nickel, taking into account the proximity of delivery (Wednesday, April 15), the market low price supply is less, more reported in flat water, the morning market transaction is relatively light. Jinchuan nickel, the morning market reported in the rising water 1500 yuan / ton, few transactions, but due to the high cost of receiving goods, expected to rise water down space is limited; Jinchuan company Shanghai has arrived, ex-factory price 98200 yuan / ton, but the morning market high open low walk, shock range continues to narrow, it is expected that traders receive hedging after the supply is still rising 1400 yuan / ton. Nickel price to Shanghai nickel 2005 contract report 600 yuan / ton, domestic nickel beans continue to decline in the near future, the supply is tight, but the demand is relatively light, it is expected that the rising water will gradually weaken.

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