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SMM Nickel Market Daily Review (2012-10-17)
Oct 18,2012 09:19CST
price review forecast
Source:SMM
Mainstream traded prices of nickel from Jinchuan Group were between RMB 125,100-125,300/mt and mainstream traded prices of nickel from Russia were between RMB 123,000-123,300/mt.

SHANGHAI, Oct. 18 (SMM) -- During the morning trading hours in the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were between RMB 125,100-125,300/mt and mainstream traded prices of nickel from Russia were between RMB 123,000-123,300/mt. As LME nickel prices continued to fall, wait-and-see sentiment grew and downstream demand turned even more sluggish. Traders lowered offers to promote sales, but transactions were still muted. During the afternoon trading hours, mainstream traded prices of nickel from Jinchuan Group were between RMB 124,800-125,000/mt, and mainstream traded prices of nickel from Russia were around RMB 123,000/mt.
 

Jinchuan Group nickel price

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