SMM Daily Review - 2012/5/24 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/5/24 Nickel Market

SMM Insight 09:44:54AM May 25, 2012 Source:SMM

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.
 

Key Words:  nickel 

SMM Daily Review - 2012/5/24 Nickel Market

SMM Insight 09:44:54AM May 25, 2012 Source:SMM

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.
 

Key Words:  nickel