SMM, May 29th:
Today, SMM1 Electrolytic Nickel quotation 100100Muth101400 yuan / ton. After the opening of Shanghai Nickel Morning Market, it bottomed below 100000, rose 101000 yuan / ton in intraday trading, and then fell back. In the spot market, traders in the city generally reported monthly tickets, most of which said that the trading atmosphere was deserted, and only a small amount of holding capacity downstream of the stable terminal was OK. Russo Nickel to Shanghai Nickel 2007 contract is quoted for 250mur200 yuan / ton, and the willingness to ship is different in the market, and some holders have significantly lowered their quotations, but it is reported that the transaction is still limited; while traders with low willingness to ship goods, they even raise their quotations and wait for the market demand to pick up before shipping; the quotation of mainstream traders in the market is around 200 yuan / ton. Jinchuan nickel, due to a small supply of goods, rising water is still strong, the Shanghai nickel 2007 contract quoted rising water 1100mur1200 yuan / ton. The ex-factory price of Jinchuan is 101600 yuan / ton today. Due to the continuous decline of nickel in Shanghai, the volume of goods received by traders is limited. Nickel bean discount remains stable, still posted 1100mur1000 yuan / ton, there are a large number of original nickel bean clearance into storage this week, the current supply is sufficient, but the downstream demand is limited, today's transaction is few.
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