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SMM Daily Review - 2012/4/24 Nickel Market
Apr 25,2012 09:30CST
smm insight
Source:SMM
On Tuesday, mainstream traded prices of Jinchuan nickel were between RMB 131,000-131,200/mt.

SHANGHAI, Apr. 25 (SMM) -- On Tuesday, mainstream traded prices of Jinchuan nickel were between RMB 131,000-131,200/mt, and mainstream traded prices of Russian nickel were between RMB 129,500-129,700/mt. As LME nickel prices edged up during the day, and since spread between spot and ex-work prices of Jinchuan were only RMB 1,000/mt, transactions were muted. Russian nickel was popular due to lower prices compared to Jinchuan nickel.
 

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