Nickel - SHMET Import Market Briefing 20170811

Date 8/11/2017 4:20:55 PM Source: SHMET

With regards to NI FP, offers in Shanghai bonded zone jumped to an upper range of $255-$265 and CIF Shanghai at $250-$260. A loss of RMB1400/mt would be recorded for Russia FP spot importing whilst 3 months at RMB1360/mt. Trading houses were intending to lift premiums, much higher from the biding side’s acceptance, to keep stocks, resulting in high premium but low contracted volume. A few amount of Jinchuan NI FP were imported, with downstream plants still

digesting their inventories, attributing to a quiet market.

Edited by SHMET