SMM Daily Review - 2012/7/11 Nickel Market-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Zinc
  • Futures movement
  • MMi Iron Ore Port Index
  • Nickel
  • Copper scrap
  • Copper
  • Aluminium
  • Stainless steel
  • Macroeconomics
  • Evening comments
  • Market commentary
  • Tin
  • Production data
  • inventory

SMM Daily Review - 2012/7/11 Nickel Market

Price Review & Forecast 09:36:41AM Jul 12, 2012 Source:SMM

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. 
 

SMM Daily Review - 2012/7/11 Nickel Market

Price Review & Forecast 09:36:41AM Jul 12, 2012 Source:SMM

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.