SMM Daily Review - 2012/5/31 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/5/31 Nickel Market

SMM Insight 09:21:24AM Jun 01, 2012 Source:SMM

SHANGHAI, Jun. 1 (SMM) -- On Thursday, mainstream traded prices of Jinchuan nickel were between RMB 124,300-124,500/mt, while mainstream Russian nickel prices were between RMB 121,800-124,300/mt. LME nickel prices plunged to a new low, while spot nickel prices continued to fall. But transactions did not improve as downstream buying interest was low. Besides, Russia raised export tax for non-alloy nickel to USD 1,447.6/mt, up 16.2% from USD 1,245.5/mt.
 

Key Words:  nickel  

SMM Daily Review - 2012/5/31 Nickel Market

SMM Insight 09:21:24AM Jun 01, 2012 Source:SMM

SHANGHAI, Jun. 1 (SMM) -- On Thursday, mainstream traded prices of Jinchuan nickel were between RMB 124,300-124,500/mt, while mainstream Russian nickel prices were between RMB 121,800-124,300/mt. LME nickel prices plunged to a new low, while spot nickel prices continued to fall. But transactions did not improve as downstream buying interest was low. Besides, Russia raised export tax for non-alloy nickel to USD 1,447.6/mt, up 16.2% from USD 1,245.5/mt.
 

Key Words:  nickel