SMM Daily Review - 2012/6/12 Nickel Market

SMM Insight 09:29:01AM Jun 13, 2012 Source:SMM

SHANGHAI, Jun. 13 (SMM) -- On Tuesday, Mainstream prices of Jinchuan nickel were between RMB 124,200-124,700/mt, while mainstream Russian nickel prices were between RMB 121,300-121,700/mt. Prices did not fluctuate significantly in the midday, but market optimism improved as LME nickel prices closed with gains. Downstream buying interest grew, and transactions increased. Price spread between Jinchuan nickel and Russian nickel narrowed as demand turned around.
 

Key Words:  Jinchuan nickel   nickel price 

SMM Daily Review - 2012/6/12 Nickel Market

SMM Insight 09:29:01AM Jun 13, 2012 Source:SMM

SHANGHAI, Jun. 13 (SMM) -- On Tuesday, Mainstream prices of Jinchuan nickel were between RMB 124,200-124,700/mt, while mainstream Russian nickel prices were between RMB 121,300-121,700/mt. Prices did not fluctuate significantly in the midday, but market optimism improved as LME nickel prices closed with gains. Downstream buying interest grew, and transactions increased. Price spread between Jinchuan nickel and Russian nickel narrowed as demand turned around.
 

Key Words:  Jinchuan nickel   nickel price