SMM Daily Review - 2012/6/27 Nickel Market

Price Review & Forecast 09:57:17AM Jun 28, 2012 Source:SMM

SHANGHAI, Jun. 28 (SMM) -- On Wednesday, mainstream prices of Jinchuan nickel were between RMB 121,500-121,700/mt, while mainstream Russian nickel prices were between RMB 118,200-118,500/mt. LME nickel prices were steady in the morning session during Asian trading hours, and transactions of Russian nickel were brisk due to lower prices. Mainstream prices of Jinchuan nickel were around RMB 121,600/mt, with transactions muted due to pessimism. Transactions did not improve despite traders lowered prices.
 

SMM Daily Review - 2012/6/27 Nickel Market

Price Review & Forecast 09:57:17AM Jun 28, 2012 Source:SMM

SHANGHAI, Jun. 28 (SMM) -- On Wednesday, mainstream prices of Jinchuan nickel were between RMB 121,500-121,700/mt, while mainstream Russian nickel prices were between RMB 118,200-118,500/mt. LME nickel prices were steady in the morning session during Asian trading hours, and transactions of Russian nickel were brisk due to lower prices. Mainstream prices of Jinchuan nickel were around RMB 121,600/mt, with transactions muted due to pessimism. Transactions did not improve despite traders lowered prices.