SMM Daily Review - 2012/3/21 Nickel Market

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.