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SMM April 30 Shanghai Nickel spot Daily Review
Apr 30,2020 16:51CST
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Source:SMM
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SMM, 30 April:

Today, SMM1 Electrolytic Nickel quoted 100700-102400 yuan / ton, the average price is down 150 yuan / ton compared with yesterday. Today, Shanghai nickel continues to continue the pattern of high opening and low walking. In the spot market, traders quoted prices to extend yesterday's rising water range, overreporting next month's ticket. The offer and inquiry are light, some traders have been closed in advance today, and those present in the afternoon have left early one after another. Today, Russia Nickel to Shanghai Nickel 2006 contract more than 100 yuan / ton to Pingshui. It is reported that in order to promote transactions, a small amount of non-deliverable Russian nickel can be posted 150 yuan / ton to pick up the goods, but the demand is weak and the transaction is limited. Jinchuan nickel to Shanghai nickel 2006 contract rose 1400-1500 yuan / ton, the current supply is tight, Jinchuan rising water is still at a high level, few transactions. Nickel beans to Shanghai Nickel 2006 contract reported 700 yuan / ton, the recent 2 weeks of discount range almost no fluctuation. Recently, the import of Russian nickel has been cleared one after another, and the port will continue to be in stock after entering May. The supply of Russian nickel may be gradually alleviated and the discount may be expanded. Jinchuan nickel, need to pay attention to the recent shipments of manufacturers, is expected to change little in the first week after the festival.

 

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