SMM Daily Review - 2012/4/5 Nickel Market

SHANGHAI, Apr. 6 (SMM) -- On Thursday, mainstream traded prices of Jinchuan's nickel were between RMB 131,300-131,500/mt, and mainstream Russian nickel prices were between RMB 129,800-130,000/mt. in the afternoon, Russian nickel prices rose to RMB 130,000-130,800/mt, while Jinchuan's nickel prices did not change significantly. Downstream buyers did not replenish stocks ahead of the Qingming holiday, and neither following the holiday, keeping transactions muted.