SMM Daily Review - 2012/6/8 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/6/8 Nickel Market

SMM Insight 09:38:56AM Jun 11, 2012 Source:SMM

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.
 

Key Words:  LME nickel prices  

SMM Daily Review - 2012/6/8 Nickel Market

SMM Insight 09:38:56AM Jun 11, 2012 Source:SMM

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.
 

Key Words:  LME nickel prices