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.
SMM Nickel Market Daily Review (2013-1-4)
Key Words: Jinchuan Group nickel price
