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SMM Daily Review - 2012/6/13 Nickel Market
Jun 14,2012 09:50CST
smm insight
Source:SMM
On Wednesday, Mainstream prices of Jinchuan nickel were between RMB 124,200-124,500/mt, while mainstream Russian nickel prices were between RMB 121,300-121,500/mt.

SHANGHAI, Jun. 14 (SMM) -- On Wednesday, Mainstream prices of Jinchuan nickel were between RMB 124,200-124,500/mt, while mainstream Russian nickel prices were between RMB 121,300-121,500/mt. LME nickel prices fell in the morning, but there was still arbitrage room. Spot quotes were firm, allowing downstream buying interest to improve and trading volumes to increase. Besides, stainless steel plants continued to cut output of #300 stainless steel recently and produced #200 and #400 stainless steel to reduce costs. But nickel prices will be impacted if output of #300 stainless steel continued to contract.
 

Jinchuan nickel
Russian nickel prices
nickel prices

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