Home / Metal News / Copper / SMM Daily Review - 2012/1/4 Nickel Market
SMM Daily Review - 2012/1/4 Nickel Market
Jan 5,2012 09:25CST
smm insight
Source:SMM
On Wednesday, Jinchuan Group raised refined nickel prices to RMB 131,000/mt, up RMB 2,000/mt.

SHANGHAI, Jan. 5 (SMM) -- On Wednesday, Jinchuan Group raised refined nickel prices to RMB 131,000/mt, up RMB 2,000/mt. This was the second time that Jinchuan Group raised its ex-works prices for refined nickel since last Saturday. In the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were between RMB 130,500-131,000/mt and mainstream traded prices of nickel from Russia were between RMB 128,700-129,000/mt before Jinchuan Group’s price adjustment. After Jinchuan Group raised refined nickel prices, mainstream traded prices of nickel from Jinchuan Group were between RMB 131,000-131,500/mt and mainstream traded prices of nickel from Russia were between RMB 129,300-129,500/mt. As Jinchuan Group raised nickel prices consecutively, downstream buying interest was very low, with most deals concluded by traders, keeping overall trading activity quiet.

 

Jinchuan Group
nickel price
nickel Ni

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news