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SMM May 12 Shanghai Nickel spot Daily Review
May 12,2020 15:11CST
The content below was translated by Tencent automatically for reference.

SMM, 12 May:

Today, SMM1 Electrolytic Nickel quoted 102000-103500 yuan / ton, the average price decreased by 300 yuan / ton compared with yesterday. Today, the Shanghai nickel market fluctuated greatly, and the market trading was OK after the opening of the morning market, but Shanghai nickel fell back higher in the afternoon and fluctuated around 101000 yuan / ton in the afternoon. The price decline did not warm the market trading, but the downstream wait-and-see mood became stronger. According to the feedback of the traders, today's inquiry is still available, but the transaction situation is not good. In terms of discount, Russian Nickel to Shanghai Nickel 2006 contract to post 100 to flat, the quotation is the same as yesterday. Jinchuan nickel to Shanghai nickel 2006 contract rose 1000-1100 yuan / ton, Jinchuan company ex-factory price of 103000 yuan / ton is also the same as yesterday. It is reported that goods have arrived in Shanghai at present and can be shipped normally in the near future. Nickel beans, the Shanghai Nickel 2006 contract between 800-700 yuan / ton.

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