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SMM Daily Review - 2011/12/27 Nickel Market
Dec 28, 2011 08:39Source:SMM
Traders were still reluctant to move goods, and downstream demand was still quiet, leaving overall trading sentiment quiet.
SHANGHAI, Dec. 28 (SMM) -- On Tuesday, mainstream traded prices of nickel from Jinchuan Group were still around RMB 130,500/mt, and mainstream traded prices of nickel from Russia were around RMB 128,200/mt, slightly down from a day earlier. Spot nickel traders could only take ex-works nickel prices from Jinchuan Group as reference when LME nickel market was closed, so spot nickel prices did not change much in recent two days. Traders were still reluctant to move goods, and downstream demand was still quiet, leaving overall trading sentiment quiet.
nickel; nickel price; spot nickel price; LME nickel price; Jinchuan Group; in the Shanghai nickel spot market; Dec. 27;
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