SMM Daily Review - 2012/7/5 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/7/5 Nickel Market

Price Review & Forecast 09:37:33AM Jul 06, 2012 Source:SMM

SHANGHAI, Jul. 6 (SMM) -- On Thursday, mainstream prices of Jinchuan nickel were between RMB 1235, 000-123,600/mt in the morning session, while mainstream Russian nickel prices were between RMB 121,000-121,200/mt. Purchases at lower prices increased due to optimism, causing trading volumes to rise. Transactions made by downstream buyers also increased. LME nickel prices did not fluctuate significantly, and spot prices remained steady. Transactions were brisk.

 

SMM Daily Review - 2012/7/5 Nickel Market

Price Review & Forecast 09:37:33AM Jul 06, 2012 Source:SMM

SHANGHAI, Jul. 6 (SMM) -- On Thursday, mainstream prices of Jinchuan nickel were between RMB 1235, 000-123,600/mt in the morning session, while mainstream Russian nickel prices were between RMB 121,000-121,200/mt. Purchases at lower prices increased due to optimism, causing trading volumes to rise. Transactions made by downstream buyers also increased. LME nickel prices did not fluctuate significantly, and spot prices remained steady. Transactions were brisk.