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SMM Daily Review - 2010/1/4 Nickel Market
Jan 5,2010 10:11CST
smm insight

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. 


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