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SMM Nickel Market Daily Review (2013-1-4)
Jan 5, 2013 09:11Jinchuan Group raised ex-works nickel prices by RMB 1,000/mt to RMB 120,000/mt on Friday.
SHANGHAI, Jan. 5 (SMM) -- Jinchuan Group raised ex-works nickel prices by RMB 1,000/mt to RMB 120,000/mt on Friday.In the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were between RMB 121,900-120,000/mt, and mainstream traded prices of nickel from Russia were between RMB 120,900-121,000/mt. During the fist trading day after new year holiday, downstream purchasing interest was low. However, transactions between traders were relatively brisk due to arbitrage opportunity.
Jinchuan Group nickel price
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