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[SMM Nickel spot afternoon Review] Nickel continued high volatility spot market reported more than Jinchuan downgrade
Jul 7,2020 12:26CST
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Source:SMM
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SMM, July 7:

Today, SMM1 Electrolytic Nickel is quoted at 106150ml 107450 yuan / ton. Today, the spot market is still quoted for the Shanghai Nickel 2008 contract, and the early trading price hovers at 106500 Mel 106700 yuan / ton. The demand of downstream users is still restrained, the market reports are more and less, and the trading volume is not good. Russo Nickel to Shanghai Nickel 2008 contract quoted 500 to 400 yuan / ton, the same as yesterday, due to the approaching delivery, the market is almost no low-price warehouse receipts, a small amount of spot transaction price in 450 murals 500 yuan / ton. Jinchuan Nickel to Shanghai Nickel 2008 contract reported a rise of 500mur700 yuan / ton, Jinchuan Nickel supply tight situation alleviated, overreported in the market in the Shanghai Nickel 2008 contract rose about 600yuan / ton, but the market still has a small number of delivery warehouse Jinchuan No. 1 nickel, as only delivery can not transfer ownership, quotation rose about 500yuan / ton, morning traders actively quote, but the market will to receive goods is limited. Today, Jinchuan company's ex-factory price in Shanghai is 107000 yuan / ton, and Gansu is 106550 yuan / ton, which is the same as yesterday. It is reported that manufacturers will arrive one after another in the near future. Today, nickel beans quoted 1500 yuan / ton for Shanghai Nickel 2008 contract, a reduction of 100 yuan / ton, the same light trading.

 

 

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