Russian nickel than Shanghai nickel 1909 discount about 300 yuan / ton, Jinchuan nickel than Shanghai nickel 1909 contract generally reported water up 1300 to 1400 yuan / ton. Early trading hours, nickel prices around 118200 shock, spot transactions continue to be light, more downstream in the wait-and-see, afraid of high and cautious procurement. Higher nickel prices lead to a sharp rise in the cost of downstream raw materials, downstream actively looking for other alternative raw materials. The holder has a strong desire to improve the water, and the low price goods are difficult to make up for. Jinchuan nickel recent trading is also light, downstream difficult to bear high nickel prices, Jinchuan nickel shipment difficulties, rising water slightly down. The second trading session, although the nickel price has a correction, but the range is limited, the transaction continues in the morning. Jinchuan Company Shanghai quoted price of 119100 yuan / ton, up from yesterday, the mainstream transaction at 117700 to 119400 yuan / ton.

[Jinchuan company ex-factory price] SMM August 6: today Jinchuan company electrolytic nickel (big plate) Shanghai quotation 119100 yuan / ton, up from Friday 100 yuan / ton.