SMM Daily Review - 2012/6/19 Nickel Market

Price Review & Forecast 09:26:01AM Jun 20, 2012 Source:SMM

Shanghai, Jun. 20 (SMM) – On Tuesday, mainstream traded prices for Jinchuan nickel were RMB 124,100-143,000/mt in the Shanghai nickel market, and RMB 121,500-121,800/mt for Russian nickel. In the afternoon business, traded prices fell back, but mainstream traded prices remained unchanged. Supply of Russian nickel dropped, and the price gap between Russian nickel and Jinchuan nickel narrowed further. Market saw no supply tightness due to weak demand. 
 

SMM Daily Review - 2012/6/19 Nickel Market

Price Review & Forecast 09:26:01AM Jun 20, 2012 Source:SMM

Shanghai, Jun. 20 (SMM) – On Tuesday, mainstream traded prices for Jinchuan nickel were RMB 124,100-143,000/mt in the Shanghai nickel market, and RMB 121,500-121,800/mt for Russian nickel. In the afternoon business, traded prices fell back, but mainstream traded prices remained unchanged. Supply of Russian nickel dropped, and the price gap between Russian nickel and Jinchuan nickel narrowed further. Market saw no supply tightness due to weak demand.