SMM Daily Review - 2012/5/8 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/5/8 Nickel Market

SMM Insight 09:41:34AM May 09, 2012 Source:SMM

SHANGHAI, May 9 (SMM) -- On Tuesday, mainstream traded prices of Jinchuan nickel were between RMB 130,600-130,800/mt in the morning session, while mainstream Russian nickel prices were between RMB 128,500-128,800/mt. ex-work prices of Jinchuan nickel were RMB 133,000/mt, much higher than mainstream market prices, with traders unwilling to lower prices. In this context, transactions were quiet, and traders were holding goods.
 

Key Words:  nickel  

SMM Daily Review - 2012/5/8 Nickel Market

SMM Insight 09:41:34AM May 09, 2012 Source:SMM

SHANGHAI, May 9 (SMM) -- On Tuesday, mainstream traded prices of Jinchuan nickel were between RMB 130,600-130,800/mt in the morning session, while mainstream Russian nickel prices were between RMB 128,500-128,800/mt. ex-work prices of Jinchuan nickel were RMB 133,000/mt, much higher than mainstream market prices, with traders unwilling to lower prices. In this context, transactions were quiet, and traders were holding goods.
 

Key Words:  nickel