SMM Nickel Market Daily Review (2013-1-17)

SHANGHAI, Jan. 18(SMM) – During the morning trading hours in the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were in the RMB 123,500-123,700/mt range, and mainstream traded prices of nickel from Russia were in the RMB 122,500-122,700/mt range. Supply of goods was relatively ample at the delivery date of domestic electronic exchange. Traders lowered quotation, but still failing to boost transactions.