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[SMM Nickel spot afternoon Review] Nickel futures price was higher than yesterday's spot price and held steady and the transaction was limited.
Jul 2,2020 11:51CST
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Source:SMM
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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.

 

 

 

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