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, Shanghai nickel wide shock adjustment, early market prices lower and near delivery, mainstream traders have few discount quotes for Russian nickel, traders have some circulation between bargains, downstream take a small amount of goods on demand, the market nickel prices fluctuate greatly in the afternoon, the transaction situation of Russian nickel is weaker, the overall transaction situation today is slightly better than yesterday. Jinchuan nickel, early market water 1400, or water 1500 yuan / ton have a small number of transactions, the degree of demand recovery is limited; Jinchuan company Shanghai continues to have goods for sale, ex-factory price 98000 yuan / ton. In the afternoon, the market nickel price rose back to 97000 yuan / ton, stimulating Jinchuan long Association customers to actively pick up the goods, manufacturers are expected to ship at least 200-300 tons today, it is expected that tomorrow there may be a low price source quotation, Jinchuan rising water is expected to fall back. Nickel beans, the Shanghai Nickel 2005 contract reported 600 yuan / ton, the same as yesterday.

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