SHANGHAI, Nov.1 (SMM) -- In the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were between RMB 116,700-117,000/mt, and mainstream traded prices of nickel from Russia were between RMB 115,600-115,900/mt. Transactions were cautious during the morning trading hours. During the afternoon trading hours, LME nickel prices surged. Downstream consumers’ purchasing interest increased, while traders were reluctant to move goods in anticipation of higher prices in the future. Therefore, transactions did not improve much. SMM nickel lead decline during October, with SMMI. Ni slipping by 11.8% MoM.