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[SMM Nickel spot afternoon Review] it is also difficult to improve trading by shaking the spot price of Shanghai Nickel in the off-market.
May 25,2020 11:48CST
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Source:SMM
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SMM, May 25:

Today, SMM1 Electrolytic Nickel quotation 100600 RMB101900 / ton. Today, after a brief shock in the opening of Shanghai nickel trading, almost sideways trading, although nickel prices have changed less than last Friday, but due to the release of terminal consumer demand over the weekend, more wait-and-see today, so the overall trading situation in the morning market is light. Russo Nickel to Shanghai Nickel 2007 contract quoted 100 yuan / ton to Pingshui, some traders hold newly imported Russian nickel has a lower discount quotation, but the price is more difficult to copy in the market; in the morning, due to weak downstream demand, mostly inquiry circulation among traders. Jinchuan Nickel to Shanghai Nickel 2007 contract rose 1,100,000,000 yuan / ton, the morning transaction was also deserted. The ex-factory price of Jinchuan is 101500 yuan / ton, and traders have a small amount of No. 2 nickel and No. 3 nickel to receive goods in Gansu. The nickel bean discount is reduced to 1000 yuan / ton.

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