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SMM Nickel Market Daily Review (2012-11-14)

iconNov 15, 2012 08:46
Source:SMM
Offers of nickel from Jinchuan Group rose to RMB 116,200-116,500/mt, and mainstream traded prices of nickel from Russia were RMB 115,200/mt.

SHANGHAI, Nov.15 (SMM) -- During the morning trading hours in the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were between RMB 115,700-116,000/mt, and mainstream traded prices of nickel from Russia were between RMB 114,600-114,900/mt, flat from a day earlier. Wait-and-see sentiment was strong, and transactions were quiet. During the afternoon trading hours, traders were reluctant to move goods at low prices as LME nickel prices advanced. Offers of nickel from Jinchuan Group rose to RMB 116,200-116,500/mt, and mainstream traded prices of nickel from Russia were RMB 115,200/mt.

 

Jinchuan nickel price
Russian nickel price

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