[December 6 SMM Nickel Market Trends]

Electrolytic nickel

Spot: ASG December 6: today's No. 1 electrolytic nickel quote 107050109050 yuan / ton, the average price of 109000 yuan / ton, 1200 yuan / ton higher than yesterday. With Lunni stabilizing at $13200 / ton support, Shanghai Nickel also showed signs of stabilizing for the time being, with the main contract coming out of the positive line in the morning, approaching from 105000 to 106000. Russian nickel rose water slightly lower, the average price from 1600 yuan / ton to 1450 yuan / ton, Jinchuan nickel rising water low up 200 yuan, high flat, for 5200-5500 yuan / ton. The supply of negotiable goods in the market including nickel beans has been supplemented, the rising water is too high, no one is interested in it, and the quotation of the cardholder is also basically in line with the market, and the overall transaction activity of the market is still OK. The industry believes that under the Shanghai nickel Back structure, traders will face greater cost pressure after moving their positions from 1912 to 2001, while the release of downstream demand is relatively normal at present. Most traders do not have too much inventory, so they are reluctant to ship at a loss, and the rising water remains strong. Jinchuan nickel board ex-factory price (Shanghai) 110500 yuan / ton, 500 yuan / ton higher than yesterday.