SMM Daily Review - 2010/1/7 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2010/1/7 Nickel Market

SMM Insight 10:42:19AM Jan 08, 2010 Source:SMM

SHANGHAI, Jan. 8 (SMM) -- In Shanghai nickel market, Jinchuan Group raised nickel ex-works prices by RMB 2,000/mt to RMB 143,000/mt again, helping raise market offers. Offers for goods from Jinchuan Group were RMB 143,500-144,000/mt, while offers for imported nickel were RMB 143,000/mt. However, LME nickel prices slid following other metals market trends, helping increase cargo-holder sentiment to move goods, but buyers were cautious about purchases and preferred to stand on the sidelines. In general, contradictions between suppliers and buyers became intense due to uncertain market outlook.  

 

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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 - 2010/1/7 Nickel Market

SMM Insight 10:42:19AM Jan 08, 2010 Source:SMM

SHANGHAI, Jan. 8 (SMM) -- In Shanghai nickel market, Jinchuan Group raised nickel ex-works prices by RMB 2,000/mt to RMB 143,000/mt again, helping raise market offers. Offers for goods from Jinchuan Group were RMB 143,500-144,000/mt, while offers for imported nickel were RMB 143,000/mt. However, LME nickel prices slid following other metals market trends, helping increase cargo-holder sentiment to move goods, but buyers were cautious about purchases and preferred to stand on the sidelines. In general, contradictions between suppliers and buyers became intense due to uncertain market outlook.  

 

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