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SMM Daily Review - 2012/2/21 Nickel Market
Feb 22, 2012 09:32Source:SMM
Mainstream traded prices of nickel from Jinchuan Group were around RMB 140,000/mt, while mainstream traded prices of nickel from Russia were around RMB 139,000/mt.
SHANGHAI, Feb. 22 (SMM) -- Mainstream traded prices of nickel from Jinchuan Group were around RMB 140,000/mt, while mainstream traded prices of nickel from Russia were around RMB 139,000/mt. Euro zone finance ministers sealed a deal for a second bailout for Greece, helping boost trader and downstream consumer confidence. But the caution still dominated the market given severe volatility in LME nickel prices recently, keeping trading activity in check.
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