SMM Nickel Market Daily Review (2013-1-22)

SHANGHAI, Jan. 23 (SMM) – In the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were between RMB 124,000-124,200/mt and mainstream traded prices of nickel from Russia were between RMB 123,000-123,200/mt. During the morning trading hours, transactions of Jinchuan nickel were brisk due to stock replenishment from traders. During the afternoon trading hours, traders kept offers stable, but transactions turned quiet due to reduced supply of Jinchuan nickel.