[SMM Nickel spot afternoon Review] Nickel futures price was higher than yesterday's spot price and held steady and the transaction was limited.

Published: Jul 2, 2020 11:51

Save

SMM, July 2:

Today, SMM1 Electrolytic Nickel is quoted at 101650 RMB103150 per ton. The nickel morning market fluctuates around the 5 / 40 daily moving average, and its operating range is higher than that of yesterday's daily trading. The trading situation in the market has not yet picked up, and only individual traders can make a deal. Russo Nickel to Shanghai Nickel 2008 contract quoted for 500mur400 yuan / ton, the same as yesterday, the trading volume of most traders is limited, only a small number of bulk shipments. Jinchuan No.1 Nickel to Shanghai Nickel 2008 contract rose 800mur900 yuan / ton, the market supply is still tight, the room for traders to move goods is limited, the terminal transaction is up 850Mel 900 yuan / ton. The ex-factory price in Jinchuan, Shanghai and Gansu is 102800 yuan / ton and 102350 yuan / ton respectively. The nickel bean newspaper sticker is 1400 won 1300 yuan per ton, which is still the same as yesterday.

"Click to view SMM exclusive historical price data

Big data business contact:

Zhao Ming: 021mur51666780

Shanghai Nickel spot Nickel Price quotation noon News

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

57 mins ago

[Nickel Pig Iron Daily Review] Arbitrage Selling Decreases, High-Grade NPI Quotations Gradually Return to Rationality

[SMM Daily Review: Arbitrage Selling Decreases, High-Grade NPI Offers Gradually Return to Rationality] February 4 (SMM) - The average price of SMM 10-12% high-grade NPI was 1,030 yuan/mtu (ex-factory, tax included), down 2.5 yuan/mtu MoM from the previous working day.

57 mins ago

1 hour ago

【SMM Nickel News】GMA Sultra Urges Suspension of PT GMS’s 2026 RKAB Over Alleged Illegal Nickel Ore Sales

According to Suara Sultra News, Garda Muda Anoa Sultra (GMA Sultra) has formally urged the Indonesian Minister of Energy and Mineral Resources to freeze the 2026 RKAB approval for PT Gerbang Multi Sejahtera (PT GMS) due to allegations of illegal nickel ore sales in 2022 using "flying documents" from PT Wijaya Inti Nusantara (PT WIN). Executive Director Muhammad Ikbal Laribae characterized the suspected practice as a serious mining crime that causes state losses, calling for an immediate audit by the Directorate General of Minerals and Coal and warning of potential mass protests and reports to the KPK (Anti-Corruption Commission) if the government fails to take firm action against such illicit mining activities.

1 hour ago

[SMM Stainless Steel Flash] Indonesian Minister: Major Stainless Steel Smelter Skipped Mandatory Reports for 8 Years

According to SMM, Indonesian Investment Minister Rosan Perkasa Roeslani revealed during a hearing with House Commission XII that a major stainless steel smelter in Indonesia, which has been commercially operational since 2017, has failed to submit its mandatory LKPM (Investment Activity Report) for 8 consecutive years. Implications: The LKPM is a legally required quarterly report covering investment realization, labor, production data, and partnerships. Due to this non-compliance, the Indonesian government admits it lacks official data on the smelter's actual investment realization, forcing regulators to rely solely on "incidental supervision" to gather information.

1 hour ago