SMM Nickel Market Daily Review (2013-1-10)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2013-1-10)

Price Review & Forecast 09:19:10AM Jan 11, 2013 Source:SMM

SHANGHAI, Jan. 11 (SMM) – Jinchuan Group raised ex-works nickel prices by RMB 2,000/mt to RMB 123,000/mt on Thursday. In the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were between RMB 123,600-123,800/mt, and mainstream traded prices of nickel from Russia were between RMB 122,600-122,800/mt. Transactions were moderate before price adjustment, but turned muted after Jinchuan Group nickel prices rose to RMB 124,000/mt and Russia nickel prices rose to RMB 123,000/mt.
 

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SMM Nickel Market Daily Review (2013-1-10)

Price Review & Forecast 09:19:10AM Jan 11, 2013 Source:SMM

SHANGHAI, Jan. 11 (SMM) – Jinchuan Group raised ex-works nickel prices by RMB 2,000/mt to RMB 123,000/mt on Thursday. In the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were between RMB 123,600-123,800/mt, and mainstream traded prices of nickel from Russia were between RMB 122,600-122,800/mt. Transactions were moderate before price adjustment, but turned muted after Jinchuan Group nickel prices rose to RMB 124,000/mt and Russia nickel prices rose to RMB 123,000/mt.