SMM Daily Review - 2012/6/15 Nickel Market

SHANGHAI, Jun. 18 (SMM) -- Last Friday, mainstream prices of Jinchuan nickel were between RMB 124,500-124,700/mt, while mainstream Russian nickel prices were between RMB 121,500-121,800/mt. The market was cautious as Greece’s general election was going to take place at the weekend; traders were unwilling to move goods due to narrowing arbitrage room, so goods supplies in the market was tight, with transactions still muted.