SMM Daily Review - 2012/7/6 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/7/6 Nickel Market

Price Review & Forecast 09:15:05AM Jul 09, 2012 Source:SMM

SHANGHAI, Jul. 9 (SMM) -- Last Friday, mainstream prices of Jinchuan nickel were between RMB 122,300-122,500/mt in the morning session, while mainstream Russian nickel prices were between RMB 120,000-120,200/mt. A wait-and-see sentiment improved as prices were volatile, and downstream inquires decreased. But arbitrage opportunities allowed traders to be active, causing transactions to improve.
 

SMM Daily Review - 2012/7/6 Nickel Market

Price Review & Forecast 09:15:05AM Jul 09, 2012 Source:SMM

SHANGHAI, Jul. 9 (SMM) -- Last Friday, mainstream prices of Jinchuan nickel were between RMB 122,300-122,500/mt in the morning session, while mainstream Russian nickel prices were between RMB 120,000-120,200/mt. A wait-and-see sentiment improved as prices were volatile, and downstream inquires decreased. But arbitrage opportunities allowed traders to be active, causing transactions to improve.