Shanghai non-ferrous metals market, copper-nickel spot price decline in more than 20%
Statistics show that over the past week in Shanghai non-ferrous metals market, copper-nickel spot prices plummeted 20.19 percent drop, respectively, and 21%. On behalf of a package of basic metals spot SMMI of the week the index has fallen by 16.37 percent.
Domestic prices from 51,800 yuan of the post-opening weekend has been to the drastic devaluation of the 41,500 yuan, dropped a week more than 10,000 yuan decreased by 20%, compared with the pre-down 15,500 yuan, or as deep as 28% . Shanghai has been before the copper imports a large number of panic selling, the market for nearly a year and even the rare CCC Chile’s copper has been sold.
Pavilion XH216，Pavilion XH226，Pavilion XH260，Pavilion XH335，Pavilion XH35，Pavilion XH365，Pavilion XH395，Pavilion XH455，Pavilion XH485，Pavilion XH535，Pavilion XH545，Pavilion XH555，Pavilion XH575，Pavilion XH600，Pavilion XH635，Pavilion XH675，Pavilion XU155，Pavilion XZ100 Series，Pavilion XZ133，Pavilion XZ148，Pavilion XZ163，Pavilion XZ168，Pavilion XZ185，Pavilion XZ186，Pavilion XZ200，Pavilion XZ275，Pavilion XZ295，Pavilion XZ335，Pavilion XZ355，Pavilion ZD7000，Pavilion ZD7001，Pavilion ZD7001EA，Pavilion ZD7001US，Pavilion ZD7005US，Pavilion ZD7010，Pavilion ZD7100，Pavilion ZD7200，Pavilion ZD7300，Pavilion ZD7900，Pavilion ZD7998，Pavilion ZD7999，Pavilion ze1100，Pavilion ze1115，Pavilion ze1200，Pavilion ze1202
Although the Jinchuan ex-factory price of the company last week lowered to 121,000 yuan, but still can not keep up the pace of the market fell fast, Jinchuan Nickel week fell to 132,000 yuan from 115,000 yuan, or 13%, imports of nickel over the weekend when only 109,000 yuan, 100,000 yuan slide into the market to speed up the bottom. Market participants estimated that nickel prices will return to six years ago, below the 100,000 yuan.