SMM Nickel Market Daily Review (2012-10-12)

SHANGHAI, Oct. 15 (SMM) -- During the morning trading hours in the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were between RMB 129,000-129,300/mt and mainstream traded prices of nickel from Russia were between RMB 127,600-127,900/mt. During the afternoon trading hours, Shanghai nickel spot prices fell along with LME nickel prices, with Jinchuan nickel around RMB 129,000/mt and Russia nickel between RMB 127,500-127,600/mt.Soft downstream consumption and lack of arbitrate opportunity made transactions quiet.