SMM

On March 18, Jinchuan premium reported 1000-1200 yuan/ton, with an average price of 1100 yuan/ton, the average price was flat compared with the previous trading day, and Russian nickel premium quoted -500 to -200 yuan/ton, with an average price of -350 yuan/ton, down 100 yuan/ton compared with the previous trading day.
SMM 18th March News: On March 18, Jinchuan premium reported 1000-1200 yuan/ton, with an average price of 1100 yuan/ton, the average price was flat compared with the previous trading day, and Russian nickel premium quoted -500 to -200 yuan/ton, with an average price of -350 yuan/ton, down 100 yuan/ton compared with the previous trading day.Shanghai nickel price shock widely in the morning, running in the 140,000-142,000 range. Today's spot market trading atmosphere is still cold, downstream procurement intention to maintain a lower level.In addition, according to SMM research, some overseas refined nickel may arrive this week, and the supply will increase within the week. Today's nickel bean price 137000-137900 yuan/ton, compared with the previous trading day spot price increased 475 yuan/ton, today's nickel bean and nickel sulfate price difference of about 859 yuan/ton. (The price of nickel sulfate is 859 yuan/ton lower than that of nickel beans).(The price of nickel sulfate is 859 yuan/ton lower than that of nickel beans).