SMM Daily Review - 2010/1/5 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2010/1/5 Nickel Market

SMM Insight 10:34:57AM Jan 06, 2010 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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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 - 2010/1/5 Nickel Market

SMM Insight 10:34:57AM Jan 06, 2010 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.

 

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