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

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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  

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