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SMM April 24 Shanghai Nickel spot Newsletter
Apr 24,2020 11:58CST
The content below was translated by Tencent automatically for reference.

SMM, 24 April:

Today, SMM1 Electrolytic Nickel quoted 100650102350 yuan / ton, the average price increased by 1750 yuan / ton compared with yesterday. Russian nickel to Shanghai nickel 2006 contract reported to Pingshui 100 yuan / ton, the early market nickel price rose back to 100000 above, some in the market down to 100000 yuan / ton has a small number of shipments, but there are still some cardholders reported in flat water because of the cost, the transaction situation is light. Jinchuan Nickel to Shanghai Nickel 2006 contract rose 1300-1400 yuan / ton, due to manufacturers in Shanghai area out of stock, Jinchuan nickel downgrade space is limited, inquiry and transaction situation is also not good. Other brand nickel plate situation, today Sumitomo nickel newspaper water rose 1100-1200 yuan / ton, Bofeng nickel newspaper post 300-200 yuan / ton or so. Nickel beans to Shanghai Nickel 2006 contract affixed 700 yuan / ton. Overall, prices rose for two days in a row, more wait-and-see downstream, spot trading was suppressed.



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