SMM Daily Review - 2012/5/10 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/5/10 Nickel Market

SMM Insight 09:01:39AM May 11, 2012 Source:SMM

SHANGHAI, May 11 (SMM) -- On Thursday, mainstream traded prices of Jinchuan nickel were between RMB 130,300-130,500/mt in the morning session, while mainstream Russian nickel prices were between RMB 128,200-128,300/mt. Russian nickel prices were lowered to RMB 128,000/mt due to pallid demand. Transactions did not turn around. Traders were unwilling to sell goods as Jinchuan nickel costs including freight charges were higher than selling prices
 

Key Words:  nickel  

SMM Daily Review - 2012/5/10 Nickel Market

SMM Insight 09:01:39AM May 11, 2012 Source:SMM

SHANGHAI, May 11 (SMM) -- On Thursday, mainstream traded prices of Jinchuan nickel were between RMB 130,300-130,500/mt in the morning session, while mainstream Russian nickel prices were between RMB 128,200-128,300/mt. Russian nickel prices were lowered to RMB 128,000/mt due to pallid demand. Transactions did not turn around. Traders were unwilling to sell goods as Jinchuan nickel costs including freight charges were higher than selling prices
 

Key Words:  nickel