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SMM Daily Review - 2009/12/31 Nickel Market
Jan 4,2010 11:24CST
smm insight

SHANGHAI, Jan. 4 (SMM) -- In Shanghai nickel market, the weaker performance of LME nickel prices and the annual closing of accounts at year's end generated the wait-and-see sentiment in the market, leaving weak transactions. However, Jinchuan Group's price hikes helped support domestic nickel prices, and goods from Jinchuan Group were traded in the RMB 141,000-141,500/mt range, and imported nickel was traded at RMB 140,500/mt. Average nickel prices were RMB 115,000/mt in 2009 based on SMM statistics.


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