SMM Daily Review - 2012/7/12 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/7/12 Nickel Market

Price Review & Forecast 09:32:48AM Jul 13, 2012 Source:SMM

SHANGHAI, Jul. 13 (SMM) -- On Thursday, Jinchuan Group lowered nickel ex-work prices to RMB 119,000/mt, down RMB 3,000/mt. Mainstream prices of Jinchuan nickel were between RMB 120,000-120,300/mt in the morning session, while mainstream Russian nickel prices were between RMB 117,200-117,400/mt. Mainstream prices of Jinchuan nickel slid to RMB 119,700-119,800/mt at noon after the price adjustment, but demand for Jinchuan nickel was still sluggish, with transactions muted. Transactions of Russian nickel were better, but were mainly made among traders.
 

Key Words:  Jinchuan Group  nickel prices  

SMM Daily Review - 2012/7/12 Nickel Market

Price Review & Forecast 09:32:48AM Jul 13, 2012 Source:SMM

SHANGHAI, Jul. 13 (SMM) -- On Thursday, Jinchuan Group lowered nickel ex-work prices to RMB 119,000/mt, down RMB 3,000/mt. Mainstream prices of Jinchuan nickel were between RMB 120,000-120,300/mt in the morning session, while mainstream Russian nickel prices were between RMB 117,200-117,400/mt. Mainstream prices of Jinchuan nickel slid to RMB 119,700-119,800/mt at noon after the price adjustment, but demand for Jinchuan nickel was still sluggish, with transactions muted. Transactions of Russian nickel were better, but were mainly made among traders.
 

Key Words:  Jinchuan Group  nickel prices