SMM Daily Review - 2012/4/12 Nickel Market

SHANGHAI, Apr. 13 (SMM) -- In the Shanghai nickel market, mainstream traded prices for Jinchuan nickel were between RMB 131,300-131,500/mt, and RMB 129,500-129,800/mt for Russian nickel. In the afternoon business, traders became unwilling to sell goods in the face of continuous rises in LME nickel prices. As a result, overall transaction volumes were still limited despite more downstream inquiries.