SMM Daily Review - 2012/7/13 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/7/13 Nickel Market

Price Review & Forecast 09:17:51AM Jul 16, 2012 Source:SMM

SHANGHAI, Jul. 16 (SMM) -- Last Friday, mainstream prices of Jinchuan nickel were between RMB 118,200-118,400/mt in the morning session, while mainstream Russian nickel prices were between RMB 115,800-116,000/mt. Downstream buyers entered the market as spot prices hit a new low for the year, and traders also replenished stocks, causing transactions to improve.
 

SMM Daily Review - 2012/7/13 Nickel Market

Price Review & Forecast 09:17:51AM Jul 16, 2012 Source:SMM

SHANGHAI, Jul. 16 (SMM) -- Last Friday, mainstream prices of Jinchuan nickel were between RMB 118,200-118,400/mt in the morning session, while mainstream Russian nickel prices were between RMB 115,800-116,000/mt. Downstream buyers entered the market as spot prices hit a new low for the year, and traders also replenished stocks, causing transactions to improve.