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SMM Daily Review - 2012/3/21 Nickel Market
Mar 22, 2012 08:55Mainstream traded prices of nickel from Jinchuan Group were between RMB 135,200-135,400/mt, and mainstream traded prices of nickel from Russia were in the RMB 134,300-134,500/mt range.
SHANGHAI, Mar. 22 (SMM) -- During Wednesday's Asian trading hours, LME nickel prices fluctuated narrowly after opening at USD 19,025/mt, hitting at high at USD 19,080/mt and touching a low at USD 18,999/mt as of 4:30 pm.
In the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were between RMB 135,200-135,400/mt, and mainstream traded prices of nickel from Russia were in the RMB 134,300-134,500/mt range. Downstream consumers still adopted a wait-and-see attitude, so trading sentiment was relatively quiet. It was reported that traded prices and trading volumes did not change much from a day earlier.
nickel; nickel price; spot nickel price; LME nickel price; Jinchuan Group; in the Shanghai nickel spot market; Mar.21;
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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