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SMM April 24 Shanghai Nickel spot Daily Review
Apr 24,2020 18:50CST
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. Russia nickel to Shanghai nickel 2006 contract report 100 yuan / ton to ping shui, nickel price rose back to 100000 today, although the nickel price gradually fell back, but the nickel price center of gravity is still higher than yesterday; some in the market reduced the Russian nickel discount to post 100 yuan / ton in the morning there are a small number of shipments, but there are still some holders because of the cost reported in the flat, the overall transaction situation within the day 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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