SMM, 14 April:

Today, SMM1 Electrolytic Nickel quoted 96250-98150 yuan / ton, the average price is down 550 yuan / ton compared with yesterday. Russia Nickel to Shanghai Nickel 05 contract flat to 50 yuan / ton, Jinchuan Nickel to Shanghai Nickel 2005 contract in the rising water 1400-1500 yuan / ton. Today, the Shanghai nickel morning market still continues the trend of high opening and low going, as prices are low and close to delivery, mainstream traders have few discount quotations for Russian nickel, and some traders in the morning market meet low replenishment, but downstream demand is still improving. the overall transaction situation is slightly better than yesterday. Jinchuan nickel, downstream today to pick up goods, early market water 1400, or water 1500 yuan / ton have a small number of transactions, the degree of recovery is limited; Jinchuan company Shanghai continues to have goods for sale, ex-factory price 98000 yuan / ton, but due to the continuous decline after 11 o'clock, traders' willingness to receive goods is suppressed, it is expected that there is still no low price Jinchuan nickel supply in the future market. Today, nickel beans reported 600 yuan / ton to Shanghai Nickel 2005 contract, the same as yesterday.

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