Home / Metal News / SMM Nickel Market Daily Review (2012-10-26)

SMM Nickel Market Daily Review (2012-10-26)

iconOct 29, 2012 08:58
Source:SMM
During the afternoon trading hours, LME nickel prices slipped, dragging down Jinchuan Group nickel prices to RMB 118,300-118,500/mt and Russian nickel to RMB 117,000/mt.

SHANGHAI, Oct.29 (SMM) -- During the morning trading hours in the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were between RMB 118,600-118,800/mt, and mainstream traded prices of nickel from Russia were between RMB 117,300-117,500/mt. During the afternoon trading hours, LME nickel prices slipped, dragging down Jinchuan Group nickel prices to RMB 118,300-118,500/mt and Russian nickel to RMB 117,000/mt.Some bargain hunters replenished stocks during the morning traders, boosting trading sentiment. However, when LME nickel prices slumped during the afternoon trading hours, overall trading sentiment was strong and transactions were limited.
 

LME nickel price
Shanghai nickel spot price

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news
    timeJul 26, 2021 11:58
    timeJul 26, 2021 11:39
    timeJul 26, 2021 11:51
    timeJul 26, 2021 11:41
    timeJul 26, 2021 11:27
    timeJul 26, 2021 11:18
    timeJul 26, 2021 09:26
    timeJul 23, 2021 21:48
    timeJul 23, 2021 21:46
    timeJul 23, 2021 21:40