SMM Daily Review - 2012/5/18 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/5/18 Nickel Market

SMM Insight 09:20:41AM May 21, 2012 Source:SMM

SHANGHAI, May 21 (SMM) -- Last Friday, mainstream traded prices of Jinchuan nickel were between RMB 126,800-127,000/mt, while mainstream Russian nickel prices were between RMB 124,600-124,800/mt. Spot nickel prices were close to the previous day, and the Shanghai/LME nickel price ratio continued to drop. Downstream buying interest improved due to low prices, causing transactions to improve.
 

Key Words:  nickel  

SMM Daily Review - 2012/5/18 Nickel Market

SMM Insight 09:20:41AM May 21, 2012 Source:SMM

SHANGHAI, May 21 (SMM) -- Last Friday, mainstream traded prices of Jinchuan nickel were between RMB 126,800-127,000/mt, while mainstream Russian nickel prices were between RMB 124,600-124,800/mt. Spot nickel prices were close to the previous day, and the Shanghai/LME nickel price ratio continued to drop. Downstream buying interest improved due to low prices, causing transactions to improve.
 

Key Words:  nickel