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SMM Daily Review - 2012/6/1 Nickel Market
Jun 4,2012 09:44CST
smm insight
Source:SMM
Last Friday, Jinchuan Group lowered nickel prices to RMB 124,000/mt to due to weak demand, despite LME nickel prices rose.

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.
 

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