SMM Daily Review - 2012/7/25 Nickel Market-Shanghai Metals Market

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SMM Daily Review - 2012/7/25 Nickel Market

Price Review & Forecast 09:33:48AM Jul 26, 2012 Source:SMM

SHANGHAI, Jul. 26 (SMM) -- On Wednesday, mainstream prices of Jinchuan nickel were between RMB 115,600-115,800/mt in the morning session, while mainstream Russian nickel prices were between RMB 113,400-113,600/mt. inquiries in the spot market increased, but prices were pushed down. Downstream buyers were willing to replenish Russian nickel at RMB 113,000/mt, while traders were unwilling to sell goods, keeping transactions muted. 
 

SMM Daily Review - 2012/7/25 Nickel Market

Price Review & Forecast 09:33:48AM Jul 26, 2012 Source:SMM

SHANGHAI, Jul. 26 (SMM) -- On Wednesday, mainstream prices of Jinchuan nickel were between RMB 115,600-115,800/mt in the morning session, while mainstream Russian nickel prices were between RMB 113,400-113,600/mt. inquiries in the spot market increased, but prices were pushed down. Downstream buyers were willing to replenish Russian nickel at RMB 113,000/mt, while traders were unwilling to sell goods, keeping transactions muted.