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Home / Metal News / SMM Nickel Market Daily Review (2013-1-31)

SMM Nickel Market Daily Review (2013-1-31)

iconFeb 1, 2013 08:56
Jinchuan Group raised ex-works nickel prices by RMB 2,500/mt, to RMB 128,000/mt on Thursday.

SHANGHAI, Feb.1 (SMM) – Jinchuan Group raised ex-works nickel prices by RMB 2,500/mt, to RMB 128,000/mt on Thursday. During the morning trading session in the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were in the RMB 128,000-128,400/mt range, and mainstream traded prices of nickel from Russia were in the RMB 127,000-127,400/mt range. Market transactions were quiet. After Jinchuan Group raised ex-works nickel prices, some traders tried to keep offers firm, but demand was still soft, further reducing transactions of nickel.
 

Jinchuan Group nickel price
Shanghai spot nickel price
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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