SMM Daily Review - 2012/7/26 Nickel Market

SHANGHAI, Jul. 27 (SMM) -- On Thursday, mainstream prices of Jinchuan nickel were between RMB 115,700-115,900/mt in the morning session, while mainstream Russian nickel prices were between RMB 113,400-113,600/mt. Some traders chose to purchase spot goods due to higher prices of SHFE nickel prices, so transactions were actively made among traders despite quiet inquiries from downstream buyers. Traders did not trade on the SHFE market raised quotes slightly, with mainstream Russian nickel prices up to RMB 113,800/mt, and Jinchuan nickel prices up to RMB 116,000/mt.