SMM Nickel Market Daily Review (2012-10-18)

SHANGHAI, Oct. 19 (SMM) -- During the morning trading hours in the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were between RMB 126,100-126,300/mt, and mainstream traded prices of nickel from Russia were between RMB 124,200-124,50/mt. As a few traders were eager to move goods, some transactions were made between mainstream prices. During the afternoon trading hours, mainstream traded prices slightly advanced along with LME nickel price increase, with offers of Russia nickel at RMB 124,500/mt.