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[SMM Nickel spot afternoon Review] Nickel Morning Market rose more than 2%. Spot buyers stopped at the market for a small amount of circulation.
Jul 3,2020 12:10CST
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Source:SMM
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SMM, July 3:

Today, SMM1 Electrolytic Nickel is quoted at 103900 RMB105100 per ton. Early nickel opened soon after the horizontal trading rose sharply, the second period of high concussion in the 104500 yuan / ton line. Due to the sharp rise in prices and the approach of the weekend, buyers stopped to wait and see, and the morning transaction was relatively dull. Russo Nickel to Shanghai Nickel 2008 contract offer 500-400 yuan / ton, the discount range is firm, the attraction to the downstream is limited, and the trading volume is not good. The 2008 contract of Jinchuan Nickel to Shanghai Nickel rose 700 won 800 yuan / ton. Jinchuan Company's ex-factory price was 105000 yuan / tonne. Today, the factory delivered nearly 100 tons of goods in Shanghai. It is reported that due to the limited supply of goods in the market, traders actively took the goods and sold out in the morning. Downstream delivery is also limited. The price of nickel beans remains unchanged, and the price for the Shanghai Nickel 2008 contract is about 1400 yuan / ton.

 

 

 

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