There was Shortage in Market Pure Nickel Supply, and the Futures Prices Rise Significantly as the Premium was Firm[SMM Afternoon Comment on Nickel]
SHANGHAI Apr 19 (SMM) - In the spot market, Jinchuan nickel were quoted at 247,000- 249,500 yuan/mt, with an average price of 248,250 yuan/mt, up 9,750 yuan/mt from a day ago.
NORNICKEL nickel was offered at 246,200- 248,200 yuan/mt, and the price was 12,300 yuan/mt higher than the previous day.
Nickel briquette was quoted at 237,000- 239,500 yuan/mt, with an average price of 238,250 yuan/mt, down 250 yuan/mt from yesterday.
At present, domestic nickel was in shortage.