SMM Daily Review - 2012/6/7 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/6/7 Nickel Market

SMM Insight 09:13:54AM Jun 08, 2012 Source:SMM

SHANGHAI, Jun. 8 (SMM) -- On Thursday, mainstream prices of Jinchuan nickel were between RMB 122,000-122,200/mt, while mainstream Russian nickel prices were between RMB 118,500-118,700/mt. In the midday, Russian nickel prices slid to RMB 118,200-118,500/mt, while Jinchuan nickel prices did not fluctuate significantly. Spot nickel prices continued to fall in the afternoon, dragged down by LME nickel prices. Mainstream prices of Jinchuan nickel fell to RMB 121,800/mt, and Russian nickel prices also concentrated at RMB 118,200/mt. Downstream buying interest remained low despite spot prices continued to drop, with transactions still muted.


 
 

SMM Daily Review - 2012/6/7 Nickel Market

SMM Insight 09:13:54AM Jun 08, 2012 Source:SMM

SHANGHAI, Jun. 8 (SMM) -- On Thursday, mainstream prices of Jinchuan nickel were between RMB 122,000-122,200/mt, while mainstream Russian nickel prices were between RMB 118,500-118,700/mt. In the midday, Russian nickel prices slid to RMB 118,200-118,500/mt, while Jinchuan nickel prices did not fluctuate significantly. Spot nickel prices continued to fall in the afternoon, dragged down by LME nickel prices. Mainstream prices of Jinchuan nickel fell to RMB 121,800/mt, and Russian nickel prices also concentrated at RMB 118,200/mt. Downstream buying interest remained low despite spot prices continued to drop, with transactions still muted.