SMM Daily Review - 2012/5/15 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/5/15 Nickel Market

SMM Insight 09:32:19AM May 16, 2012 Source:SMM

SHANGHAI, May 16 (SMM) -- On Tuesday, Jinchuan Group lowered ex-work prices by RMB 4,000/mt, to RMB 126,000/mt. Mainstream traded prices of Jinchuan nickel were between RMB 127,300 -127,500/mt in the morning session, while mainstream Russian nickel prices were between RMB 125,000-125,300/mt. The average price of #1 nickel was RMB 126,250/mt, down RMB 1,650/mt. Mainstream traded prices of Jinchuan nickel were between RMB 126,600-126,800/mt in the afternoon, while mainstream Russian nickel prices were between RMB 124,700-125,000/mt. Transactions for nickel have been sluggish recently, but some market players entered the market at lower prices.
 

Key Words:  nickel 

SMM Daily Review - 2012/5/15 Nickel Market

SMM Insight 09:32:19AM May 16, 2012 Source:SMM

SHANGHAI, May 16 (SMM) -- On Tuesday, Jinchuan Group lowered ex-work prices by RMB 4,000/mt, to RMB 126,000/mt. Mainstream traded prices of Jinchuan nickel were between RMB 127,300 -127,500/mt in the morning session, while mainstream Russian nickel prices were between RMB 125,000-125,300/mt. The average price of #1 nickel was RMB 126,250/mt, down RMB 1,650/mt. Mainstream traded prices of Jinchuan nickel were between RMB 126,600-126,800/mt in the afternoon, while mainstream Russian nickel prices were between RMB 124,700-125,000/mt. Transactions for nickel have been sluggish recently, but some market players entered the market at lower prices.
 

Key Words:  nickel