[futures nickel morning market to explore the low return to rise spot trading atmosphere is still light]

Published: Jul 15, 2020 12:38 (GMT+8)

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SMM, July 15:

Today, SMM1 Electrolytic Nickel is quoted at 107300 RMB108400 per ton. Nickel futures fell slightly after the opening of trading this morning. After falling 107000 yuan / ton in the second trading session, it almost recovered its decline. Users downstream of the spot market continued to wait and see, and the trading atmosphere in the market has not improved yet. Russo Nickel to Shanghai Nickel 2008 contract quoted 500 to 600 yuan / ton, some in the market shipping willingness has increased, the quotation has been lower than yesterday, but the transaction is still not good. Jinchuan Nickel 2008 contract against Shanghai Nickel rose 200 million yuan / ton, and the price of low-rise water in the market was higher than that of yesterday, and there were sporadic transactions in the morning. Today, Jinchuan ex-factory price is 107800 yuan / ton, manufacturers continue to actively ship, Jinchuan Shengshui is expected to be weak and stable. Nickel beans to Shanghai Nickel 2008 contract quoted price of 1500 yuan / ton.

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