SMM Daily Review - 2012/5/4 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/5/4 Nickel Market

SMM Insight 09:20:54AM May 07, 2012 Source:SMM

SHANGHAI, May 7 (SMM) -- On Friday, mainstream traded prices of Jinchuan nickel were between RMB 130,500-130,800/mt in the morning session, while mainstream Russian nickel prices were between RMB 128,600-129,000/mt. In the afternoon, mainstream traded prices of Jinchuan nickel rose to RMB 130,700-131,000/mt as LME nickel prices climbed, and mainstream Russian nickel prices were between RMB 129,000-129,500/mt. Downstream buying interest was low as prices rose, keeping transactions quiet.
 

Key Words:  nickel 

SMM Daily Review - 2012/5/4 Nickel Market

SMM Insight 09:20:54AM May 07, 2012 Source:SMM

SHANGHAI, May 7 (SMM) -- On Friday, mainstream traded prices of Jinchuan nickel were between RMB 130,500-130,800/mt in the morning session, while mainstream Russian nickel prices were between RMB 128,600-129,000/mt. In the afternoon, mainstream traded prices of Jinchuan nickel rose to RMB 130,700-131,000/mt as LME nickel prices climbed, and mainstream Russian nickel prices were between RMB 129,000-129,500/mt. Downstream buying interest was low as prices rose, keeping transactions quiet.
 

Key Words:  nickel