SHANGHAI, Jul. 12 (SMM) -- On Wednesday, mainstream prices of Jinchuan nickel were between RMB 120,200-120,500/mt in the morning session, while mainstream Russian nickel prices were between RMB 117,500-117,800/mt. LME nickel prices have been testing the USD16,000/mt level for two consecutive days, and downstream buying interest was low, and traders only replenished stocks modestly at lower prices, leaving transactions extremely quiet.