SMM, July 22nd:

Today, SMM1 Electrolytic Nickel is quoted at 106600 RMB107700 per ton. Last night, Shanghai nickel rose sharply with the price of crude oil and precious metals, and the nickel 08 contract rose and fell 107000 yuan / ton after first-line shock adjustment. On the spot side, downstream demand has been suppressed, only some traders are receiving low-priced goods, and the trading atmosphere is light again. Russo Nickel to Shanghai Nickel 2008 contract quoted 450 yuan / ton to 400 yuan / ton, few transactions in the morning. Jinchuan Nickel to Shanghai Nickel 2008 contract rose 400 won 500 yuan / ton, Jinchuan ex-factory price is 107300 yuan / ton, although there is a supply for sale in Shanghai, but there is no obvious advantage over the market price, long Association customers are generally willing to receive goods. As for nickel beans, the offer is 1200 yuan / ton, and the inquiry is also not good.

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