SMM Daily Review - 2012/6/28 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/6/28 Nickel Market

Price Review & Forecast 09:18:08AM Jun 29, 2012 Source:SMM

SHANGHAI, Jun. 29 (SMM) -- On Thursday, mainstream prices of Jinchuan nickel were between RMB 121,500-121,700/mt, while mainstream Russian nickel prices were between RMB 118,100-118,400/mt. Traders were holding goods as profit margins for Jinchuan nickel narrowed, with transactions muted. But transactions of Russian nickel were brisk due to lower prices.
 

SMM Daily Review - 2012/6/28 Nickel Market

Price Review & Forecast 09:18:08AM Jun 29, 2012 Source:SMM

SHANGHAI, Jun. 29 (SMM) -- On Thursday, mainstream prices of Jinchuan nickel were between RMB 121,500-121,700/mt, while mainstream Russian nickel prices were between RMB 118,100-118,400/mt. Traders were holding goods as profit margins for Jinchuan nickel narrowed, with transactions muted. But transactions of Russian nickel were brisk due to lower prices.