Market News
Nickel spot trading light stainless steel plant faces monthly test

Nickel spot: November 25 electrolytic nickel quotation 116900-122200 yuan / ton. Compared with Shanghai Nickel 1912, Russian nickel reported 1400 to 1600 yuan per ton. Jinchuan nickel compared with Shanghai nickel 1912 contract rose 6400 to 6700 yuan / ton, Jinchuan and Russian nickel rising water continued to fall, one is due to the gradual inflow of warehouse orders into the spot market, the source of goods increased. Second, today's nickel price continues last Friday night strong trend, downstream for the time being no willingness to purchase, more in the wait and see, spot trading performance desolate. And near the end of the year, each link of the industrial chain spot transactions are weak, mainly related to the year-end settlement depressed inventory. Jinchuan's ex-factory price is 122000 yuan / ton, 500 yuan / ton lower than last Friday. In the afternoon, nickel prices around 114900 around the weak, the spot response is mediocre, the performance is not good, the transaction did not improve all day.

Nickel pig iron: November 25, a large stainless steel factory in the south today high nickel iron 1050 yuan / nickel point (to the factory including tax) small range inquiry, it is reported that part of the transaction has been completed.