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SMM Daily Review - 2012/6/8 Nickel Market
Jun 11,2012 09:38
CSTsmm insight
Source:SMM
Last Friday, LME nickel prices rose significantly, but prices of spot transactions barely improve given weak demand.
SHANGHAI, Jun. 11 (SMM) -- Last Friday, LME nickel prices rose significantly, but prices of spot transactions barely improve given weak demand. Traders raised quotes but then lowered prices to previous levels due to unpopularity. Mainstream prices of Jinchuan nickel were between RMB 122,000-122,200/mt, while mainstream Russian nickel prices were between RMB 118,600-118,700/mt. Downstream buying interest remained low despite spot prices were lowered, with transactions still muted.
LME nickel prices
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