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SMM Daily Review - 2010/1/5 Nickel Market
Jan 6,2010 10:34CST
smm insight
Source:SMM

SHANGHAI, Jan. 6 (SMM) -- In Shanghai nickel market, nickel prices remained stable at RMB 140,000/mt. Imported nickel was traded below RMB 141,000/mt limitedly, while goods from Jinchuan Group were traded between RMB 141,500-142,000/mt. The nickel market underwent corrections, increasing inquiries, and trading sentiment improved as a result. In addition, the expectations of further gains in nickel prices generated the reluctance of cargo-holders to move goods, limiting market supply.

 

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