Zhejiang Yongjin Metal Technology, a listed company based in China, has made a significant announcement regarding its investment in a rolled stainless steel
On March 9, SHFE 2204 nickel reached its limit up at 267,700 yuan/mt today, while LME began to implement a series of measures since yesterday to curb the disorderly rise of nickel contract.
On March 9, SHFE 2204 nickel reached its limit up at 267,700 yuan/mt today, while LME began to implement a series of measures since yesterday to curb the disorderly rise of nickel contract.
The overall transactions in the spot market were relatively sluggish, and the prices of NORNICKEL and Jinchuan nickel were the same. The premiums of Jinchuan nickel stood at 3,000-3,400 yuan/mt over the SHFE 2203 nickel contract, and that of NORNICKEL stood at 3,100-3,300 yuan/mt. The premiums of Jinchuan nickel have declined amid arrivals, while the premiums of NORNICKEL remain high due to the limited supply. However, the purchases are less active.
The overall transactions in the spot market were relatively sluggish, and the prices of NORNICKEL and Jinchuan nickel were the same. The premiums of Jinchuan nickel stood at 3,000-3,400 yuan/mt over the SHFE 2203 nickel contract, and that of NORNICKEL stood at 3,100-3,300 yuan/mt. The premiums of Jinchuan nickel have declined amid arrivals, while the premiums of NORNICKEL remain high due to the limited supply. However, the purchases are less active.