Home / Metal News / Precious Metals / SMM Daily Review - 2011/1/5 Nickel Market
SMM Daily Review - 2011/1/5 Nickel Market
Jan 6,2012 09:29CST
smm insight
Source:SMM
Downstream pre-holiday stock replenishment improved transactions in the market, but overall trading sentiment was still considered quiet.

SHANGHAI, Jan. 5 (SMM) -- LME nickel prices slipped slightly after opening at USD 18,800/mt during the Asian trading hours on Thursday.

In China’s spot nickel market, mainstream traded prices of nickel from Jinchuan Group were at RMB 131,500/mt, and mainstream traded prices of nickel from Russia were between RMB 129,400-129,500/mt. LME nickel prices slipped to certain extent during the Asian trading hours on Wednesday but spot nickel prices were firm on Thursday. In this context, most traders believed that spot nickel prices would slip, and had low interest in replenishing stocks. Downstream pre-holiday stock replenishment improved transactions in the market, but overall trading sentiment was still considered quiet.
 

nickel; nickel price; spot nickel price; LME nickel price; Jinchuan Group; in the Shanghai nickel spot market; Dec. 5;

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