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SMM Daily Review - 2012/4/17 Nickel Market

iconApr 18, 2012 08:54
Source:SMM
Trading activity remained cautious due to the absence of a clear trend in the LME nickel market, resulting in quiet trading on Tuesday.

SHANGHAI, Apr. 18 (SMM) - In the Shanghai nickel market, spot prices staged sharp losses along with tumbling LME nickel prices on Tuesday. Mainstream traded prices for Jinchuan Group nickel were between RMB 130,200-130,500/mt, and RMB 128,300-128,500/mt for Russian nickel. Price declines generated some buying interest at low prices, with more inquiries reported. Trading activity, however, remained cautious due to the absence of a clear trend in the LME nickel market, resulting in quiet trading on Tuesday.

nickel Ni
Shanghai nickel market

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