SMM Daily Review - 2012/5/24 Nickel Market

SHANGHAI, May 25 (SMM) -- On Thursday, mainstream traded prices of Jinchuan nickel were between RMB 126,000-126,300/mt, while mainstream Russian nickel prices were between RMB 124,000-124,200/mt. In the afternoon, Jinchuan Group raised prices to RMB 126,500/mt as LME nickel prices rose. Traders were holding goods as spot nickel prices have hit a record low, despite increasing inquiries, keeping transactions muted.