SMM Daily Review - 2010/1/4 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2010/1/4 Nickel Market

SMM Insight 10:11:20AM Jan 05, 2010 Source:SMM

SHANGHAI, Jan. 5 (SMM) -- In Shanghai nickel market, goods from Jinchuan Group were traded in the RMB 141,000-141,500/mt range, while imported nickel prices stood above RMB 140,000/mt, with traded prices around RMB 140,500/mt. Both smelters and downstream consumers adopted a wait-and-see attitude on the first trading day of 2010. LME nickel prices inched up in the afternoon, boosting market confidence, and inquiries were up as a result, and transactions improved as well. 

 

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 - 2010/1/4 Nickel Market

SMM Insight 10:11:20AM Jan 05, 2010 Source:SMM

SHANGHAI, Jan. 5 (SMM) -- In Shanghai nickel market, goods from Jinchuan Group were traded in the RMB 141,000-141,500/mt range, while imported nickel prices stood above RMB 140,000/mt, with traded prices around RMB 140,500/mt. Both smelters and downstream consumers adopted a wait-and-see attitude on the first trading day of 2010. LME nickel prices inched up in the afternoon, boosting market confidence, and inquiries were up as a result, and transactions improved as well. 

 

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