SMM, July 16:

Today, SMM1 Electrolytic Nickel is quoted at 106050 RMB107050 per ton. Today, the trading price of nickel in Shanghai is lower than that in the first half of the week, and in the second trading session, it has dropped to around 106000 yuan / ton. although the price of nickel has fallen, the recovery of spot transactions in the morning market is limited, and the market transaction is still dominated by Jinchuan nickel. Rising water quotation, Russo Nickel to Shanghai Nickel 2008 contract quoted 500 to 600 yuan / ton, bargain purchase in the lower reaches of the morning market, but mostly with small orders. Jinchuan Nickel to Shanghai Nickel 2008 contract rose 200 yuan / ton to 350 yuan / ton, the market supply is more sufficient to offset, more traders Shengshui quotation recorded a deal at a low level. The ex-factory price of Jinchuan Company was quoted at 106700 yuan / ton, but after the price fell, the willingness of traders to accept goods gradually weakened. The contract of Nickel Bean to Shanghai Nickel 2008 is still quoted at 1500 yuan / ton.

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