SMM Daily Review - 2012/6/14 Nickel Market

SMM Insight 09:36:44AM Jun 15, 2012 Source:SMM

SHANGHAI, Jun. 15 (SMM) -- On Thursday, mainstream prices of Jinchuan nickel were between RMB 124,300-124,600/mt, while mainstream Russian nickel prices were between RMB 121,400-121,600/mt. LME nickel prices rose slightly after opening, but spot quotes were firm since there was still arbitrage room. In the afternoon, mainstream prices of Jinchuan nickel rose to RMB 124,500-124,800/mt, while mainstream Russian nickel prices also climbed to RMB 121,500-121,800/mt. But transitions were muted, with downstream buying interest low.
 

SMM Daily Review - 2012/6/14 Nickel Market

SMM Insight 09:36:44AM Jun 15, 2012 Source:SMM

SHANGHAI, Jun. 15 (SMM) -- On Thursday, mainstream prices of Jinchuan nickel were between RMB 124,300-124,600/mt, while mainstream Russian nickel prices were between RMB 121,400-121,600/mt. LME nickel prices rose slightly after opening, but spot quotes were firm since there was still arbitrage room. In the afternoon, mainstream prices of Jinchuan nickel rose to RMB 124,500-124,800/mt, while mainstream Russian nickel prices also climbed to RMB 121,500-121,800/mt. But transitions were muted, with downstream buying interest low.