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SMM Daily Review - 2012/3/13 Nickel Market
Mar 14, 2012 08:53With recently volatile price movements, traders and downstream producers generally chose to make purchases on an as-needed basis, leading to moderate transactions.
SHANGHAI, Mar. 14 (SMM)-In the Shanghai nickel market on Tuesday, mainstream traded prices of Jinchuan nickel in the morning business were between RMB 136,200-136,400/mt, and RMB 135,800-136,000/mt for Russian nickel. During the afternoon business, spot nickel prices advanced along with rising LME nickel prices. As a result, mainstream traded prices for Jinchuan nickel rose to RMB 136,500 /mt, and RMB 136,000-136,200/mt for Russian nickel.
With recently volatile price movements, traders and downstream producers generally chose to make purchases on an as-needed basis, leading to moderate transactions.
Shanghai nickel price
nickel Ni
LME nickel price
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