SMM Daily Review - 2012/6/1 Nickel Market-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Aluminium
  • Copper scrap
  • Copper
  • Nickel
  • price forecast
  • Market commentary
  • Futures movement
  • MMi Iron Ore Port Index
  • Secondary lead
  • Morning comments
  • Lead
  • Inventory data
  • Evening comments
  • Aluminium scrap

SMM Daily Review - 2012/6/1 Nickel Market

SMM Insight 09:44:15AM Jun 04, 2012 Source:SMM

SHANGHAI, Jun. 4 (SMM) -- Last Friday, Jinchuan Group lowered nickel prices to RMB 124,000/mt to due to weak demand, despite LME nickel prices rose, while mainstream Russian nickel prices were also lowered to RMB 121,400-121,500/mt. Downstream buying interest improved. But as the market was cautious ahead of the released of US non-farm data, the overall transactions were muted.
 

Key Words:  nickel  

Price

more
1# Silver ingots(99.99%)
May.24
3509.0
18.0
(0.52%)
2# Silver ingots(99.95%)
May.24
3494.0
18.0
(0.52%)
3# Silver ingots(99.90%)
May.24
3479.0
18.0
(0.52%)
Gold(99.99%)
May.24
288.8
2.3
(0.79%)
Gold(99.95%)
May.24
288.5
2.0
(0.70%)

SMM Daily Review - 2012/6/1 Nickel Market

SMM Insight 09:44:15AM Jun 04, 2012 Source:SMM

SHANGHAI, Jun. 4 (SMM) -- Last Friday, Jinchuan Group lowered nickel prices to RMB 124,000/mt to due to weak demand, despite LME nickel prices rose, while mainstream Russian nickel prices were also lowered to RMB 121,400-121,500/mt. Downstream buying interest improved. But as the market was cautious ahead of the released of US non-farm data, the overall transactions were muted.
 

Key Words:  nickel