Shanghai Spot Nickel Transactions Turn Brisk on Arbitrage Opportunity (2012/10/9)

SHANGHAI, Oct. 10 (SMM) -- During the morning trading hours in the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were between RMB 130,700-131,000/mt, and mainstream traded prices of nickel from Russia were between RMB 129,200-129,400/mt. During the afternoon trading hours, traded prices slightly advanced with LME nickel price increase. Mainstream traded prices of nickel from Jinchuan Group were between RMB 130,900-131,100/mt and mainstream traded prices of nickel from Russia were between RMB 129,300-129,500/mt. As some arbitrage opportunity emerged, transactions were relatively brisk.