SMM Nickel Market Daily Review (2013-1-16)

SHANGHAI, Jan. 17(SMM) – During the morning trading hours in the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were in the RMB 123,800-124,100/mt range, and mainstream traded prices of nickel from Russia were in the RMB 122,800-123,100/mt range. Transactions remained unimproved, and only goods offered at RMB 122,800-123,800/mt reported relatively brisk transaction. Deals were still largely done among traders rather than downstream producers.