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[SMM Nickel spot afternoon Review] at the beginning of the week, most of the high shock spot transactions of nickel in Shanghai were Jinchuan Nickel.
Jul 13,2020 12:46CST
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Source:SMM
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SMM, July 13:

Today, SMM1 Electrolytic Nickel is quoted at 107100muri 108200 yuan / ton. Nickel morning market opened high concussion, 08 contract shock in the vicinity of 108000 yuan / ton, nickel prices continue to restrain trading, strong now weak continuation. In terms of discount, Russo Nickel to Shanghai Nickel was overquoted at about 500 yuan / ton, while individual consignors were less willing to ship goods, with a sticker of 400 yuan / tonne, waiting for the delivery date to change months, and Russo Nickel made few transactions in the morning. Jinchuan Nickel to Shanghai Nickel 2008 contract rose 300,400 yuan / ton, due to Shengshui remained low, trading volume is temporarily better than Russo Nickel, Jinchuan Company Shanghai ex-factory price of 108000 yuan / ton, Gansu area 107550 yuan / ton, manufacturers continued to actively ship downgrade water, traders actively received goods in Gansu. Nickel beans to Shanghai Nickel 2008 contract quoted price of 1500 yuan / ton.

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