[SMM Nickel spot afternoon Review] spot market trading in the morning market continued light Jinchuan Shengshui decline did not improve the transaction

Published: Jul 9, 2020 12:51

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SMM July 9: today's SMM1 Electrolytic Nickel quotation 106100Mu107100 yuan / ton. The futures nickel 08 contract fluctuated around 106500 yuan / ton after the morning market opened, and the trading atmosphere in the spot market was still light. In the second trading session, the nickel price once fell below 106000 yuan / ton, and a small number of transactions were reached one after another, but it rose in late trading so that some orders slipped. In terms of discount, Russo Nickel to Shanghai Nickel 2008 contract offer 550-paste 450 yuan / ton, few transactions in the morning. Jinchuan Nickel to Shanghai Nickel 2008 contract rose about 400 won 600 yuan / ton, rising water lower also failed to attract terminals to pick up goods, there is a small amount of circulation among traders. The ex-factory price of Jinchuan was quoted at 107000 yuan / ton, unchanged for the fourth trading day in a row this week. The price of nickel beans has not been further lowered, and the discount is still about 1500 yuan / ton.

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