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[SMM Nickel spot afternoon Review] Shanghai Nickel recovered 100, 000 mark spot trading is still light
May 28,2020 12:10CST
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Source:SMM
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SMM, May 28th:

Today, SMM1 Electrolytic Nickel is quoted at 100300 RMB101700 per ton. Shanghai Nickel fell last night and returned to more than 100,000 yuan after the opening of trading this morning. Trading in the spot market was light in the morning. According to traders, the poor trading atmosphere was not due to price reasons, but more because of weak downstream demand. In terms of discount, Russo Nickel's contract with Shanghai Nickel 2007 is quoted at 250fu 150 yuan / ton, and the inquiry situation is not as good as yesterday, so the shipment volume from low-price sources in the market is also not ideal. Jinchuan Nickel to Shanghai Nickel 2007 contract rose 1100murl 1200 yuan / ton, held firm during the week. Jinchuan ex-factory price is the same as the previous trading day, still at 101300 yuan / ton. Nickel beans to Shanghai Nickel 2007 contract quoted price 1100mur1000 yuan / ton.

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