SMM Daily Review - 2012/7/19 Nickel Market

SHANGHAI, Jul. 20 (SMM) -- On Thursday, mainstream prices of Jinchuan nickel were between RMB 118,500-118,700/mt in the morning session, while mainstream Russian nickel prices were between RMB 116,400-116,600/mt. Transactions were made among traders as LME nickel prices rose in the morning session, but downstream buying interest was still low. Traders raised quotes in the afternoon, with Jinchuan nickel prices up to RMB 118,700-118,800/mt, and Russian nickel prices up to RMB 116,500-116,700/mt. But transactions were muted.