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Nickel - SHMET Import Market Briefing 20170808

Date 8/9/2017 11:16:22 AM Source: SHMET

With regards to NI FP, offers in Shanghai bonded zone showed a range within $220-$230 and that for CIF Shanghai at $215-$225. Jinchuan NI FP may have quite an gain of RMB1200/mt in importing when Russian FP also could make a profit of RMB210/mt. A $255/mt premium can be expected for Russian NI FP in shanghai bonded warehouse. In all, offers stayed firmly strong, though far away from the buyer’s target. With few buying interest, bearish market was undisturbed, limited volume achieved.  

Edited by SHMET