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Shanghai Spot Nickel Transactions Turn Brisk on Arbitrage Opportunity (2012/10/9)
Oct 10,2012 10:12CST
price review forecast
Source:SMM
As some arbitrage opportunity emerged, transactions were relatively brisk.

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.
 

 

Shanghai spot nickel

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