SMM Nickel Market Daily Review (2013-1-15)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2013-1-15)

Price Review & Forecast 09:29:04AM Jan 16, 2013 Source:SMM

SHANGHAI, Jan. 16 (SMM) – On January 15, mainstream prices in Shanghai spot nickel market for nickel from Jinchuan were between RMB 123,600-123,800/mt in the morning trading session, while deals for nickel from Russia were mainly made at RMB 122,600-122,800/mt. Some traders held prices firm but buyers considered the prices unacceptable, driving traded prices to return to normal levels. Downstream buyers stayed on the sidelines given the falling LME nickel prices, leaving trading muted.
 

SMM Nickel Market Daily Review (2013-1-15)

Price Review & Forecast 09:29:04AM Jan 16, 2013 Source:SMM

SHANGHAI, Jan. 16 (SMM) – On January 15, mainstream prices in Shanghai spot nickel market for nickel from Jinchuan were between RMB 123,600-123,800/mt in the morning trading session, while deals for nickel from Russia were mainly made at RMB 122,600-122,800/mt. Some traders held prices firm but buyers considered the prices unacceptable, driving traded prices to return to normal levels. Downstream buyers stayed on the sidelines given the falling LME nickel prices, leaving trading muted.