SMM Daily Review - 2012/2/3 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/2/3 Nickel Market

SMM Insight 09:12:09AM Feb 06, 2012 Source:SMM

SHANGHAI, Feb. 6 (SMM) – Mainstream traded prices of nickel were between RMB 142,800-143,000/mt and RMB 141,500-141,800/mt for Jinchuan nickel and Russian nickel respectively in Shanghai last Friday. Nickel prices were little changed during Asian trading hours of the day. Some traders replenished stocks in small amounts as nickel prices dropped and with expectations of nickel purchases from downstream after the Lantern Festival. The overall traded volume stayed light, however.

Price

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SMM #1 Nickel
Apr.19
100750.0
-850.0
(-0.84%)
#1 JinChuan Nickel
Apr.19
101550.0
-675.0
(-0.66%)
#1 Import Nickel
Apr.19
99950.0
-1025.0
(-1.02%)
JinChuan B&C
Apr.19
2500.0
300.0
(13.64%)
Russian nickel premium
Apr.19
875.0
-75.0
(-7.89%)

SMM Daily Review - 2012/2/3 Nickel Market

SMM Insight 09:12:09AM Feb 06, 2012 Source:SMM

SHANGHAI, Feb. 6 (SMM) – Mainstream traded prices of nickel were between RMB 142,800-143,000/mt and RMB 141,500-141,800/mt for Jinchuan nickel and Russian nickel respectively in Shanghai last Friday. Nickel prices were little changed during Asian trading hours of the day. Some traders replenished stocks in small amounts as nickel prices dropped and with expectations of nickel purchases from downstream after the Lantern Festival. The overall traded volume stayed light, however.