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Shanghai Spot Nickel Prices Advance but Transactions Remain Muted (2012/10/11)
Oct 12,2012 10:04CST
price review forecast
Source:SMM
During the afternoon trading hours, spot nickel prices advanced on LME nickel price increase, with Jinchuan nickel around RMB 129,000/mt and Russia nickel around RMB 127,500/mt.

SHANGHAI, Oct. 12 (SMM) -- During the morning trading hours in the Shanghai nickel spot market, mainstream traded prices of Jinchuan nickel were between RMB 128,700-129,000/mt and mainstream traded prices of Russia nickel were between RMB 127,300-127,500/mt. During the afternoon trading hours, spot nickel prices advanced on LME nickel price increase, with Jinchuan nickel around RMB 129,000/mt and Russia nickel around RMB 127,500/mt. Trading sentiment was relatively limited due to limited arbitrage opportunity between spot market and futures market.
 

LME nickel price
Shanghai nickel spot price

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