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