SMM Daily Review - 2009/12/31 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2009/12/31 Nickel Market

SMM Insight 11:24:01AM Jan 04, 2010 Source:SMM

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.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

SMM Daily Review - 2009/12/31 Nickel Market

SMM Insight 11:24:01AM Jan 04, 2010 Source:SMM

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.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn