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

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

Price Review & Forecast 08:56:49AM Feb 01, 2013 Source:SMM

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.
 

Relative News

Price

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#1 Refined Cu
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48905.0
420.0
(0.87%)
Aluminum Ingot
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14080.0
-50.0
(-0.35%)
#1 Lead
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15500.0
-25.0
(-0.16%)
0# Zinc
Dec.12
18460.0
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(0.60%)
#1 Tin Ingot
Dec.12
140500.0
-500.0
(-0.35%)

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

Price Review & Forecast 08:56:49AM Feb 01, 2013 Source:SMM

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.