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[SMM Nickel spot afternoon Review] Nickel continues to fluctuate downstream and continues to wait and see the inquiry transaction situation is similar to that of yesterday.
Jul 8,2020 12:09CST
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Source:SMM
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SMM, July 8:

Today, SMM1 Electrolytic Nickel is quoted at 105900 RMB107100 per ton. Nickel morning market around 106700 yuan / ton first line shock, last night after rising, today returned to yesterday's operating range, so the lower reaches continue to be afraid of senior executives. The price of rising water is also stable than yesterday, Russo Nickel to Shanghai Nickel 2008 contract sticker 500,450 yuan / ton, the trading volume is similar to yesterday's morning market, only sporadic small orders reached a deal. Jinchuan Nickel to Shanghai Nickel 2008 contract reported a rise of about 600 yuan / ton, the morning market holder quotation is more consistent, the market is almost no low-priced goods quotation, the transaction is limited to the transfer between traders, activity deviation. The ex-factory price of Jinchuan was 107000 yuan / ton, unchanged for three consecutive trading days. The price of nickel beans has not been further lowered, and the discount is still about 1500 yuan / ton.

 

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