SMM Daily Review - 2012/6/6 Nickel Market

SHANGHAI, Jun. 7 (SMM) -- On Wednesday, mainstream prices of Jinchuan nickel were between RMB 121,800-122,000/mt, while mainstream Russian nickel prices were between RMB 118,300-118,500/mt. In the afternoon, Jinchuan nickel prices fell slightly to RMB 121,800/mt, and Russian nickel prices slid to RMB 118,200/mt. Traders buying Russian nickel increased recently, especially price spread between Russian nickel and Jinchuan nickel expanded to RMB 3,500/mt after goods arrivals flew into the market.