SMM Daily Review - 2012/5/23 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/5/23 Nickel Market

SMM Insight 09:47:15AM May 24, 2012 Source:SMM

SHANGHAI, May 24 (SMM) -- On Wednesday, mainstream traded prices of Jinchuan nickel were between RMB 126,600-127,000/mt, while mainstream Russian nickel prices were between RMB 124,600-124,800/mt. Jinchuan Group lowered prices to RMB 126,500-126,800/mt as LME nickel prices plunged in the afternoon, while Russian nickel prices were lowered to RMB 124,500/mt. Since the EU meeting did not open, the market remained cautious, keeping transactions remained muted.
 

Key Words:  nickel  

SMM Daily Review - 2012/5/23 Nickel Market

SMM Insight 09:47:15AM May 24, 2012 Source:SMM

SHANGHAI, May 24 (SMM) -- On Wednesday, mainstream traded prices of Jinchuan nickel were between RMB 126,600-127,000/mt, while mainstream Russian nickel prices were between RMB 124,600-124,800/mt. Jinchuan Group lowered prices to RMB 126,500-126,800/mt as LME nickel prices plunged in the afternoon, while Russian nickel prices were lowered to RMB 124,500/mt. Since the EU meeting did not open, the market remained cautious, keeping transactions remained muted.
 

Key Words:  nickel