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Home / Metal News / SMM Nickel Market Daily Review (2013-2-1)

SMM Nickel Market Daily Review (2013-2-1)

Feb 4, 2013 09:50

On Friday, mainstream traded prices for Jinchuan nickel were RMB 128,900-129,100/mt in the Shanghai nickel market, and RMB 127,500-127,800/mt for Russian nickel.

SHANGHAI, Feb. 4 (SMM) – On Friday, mainstream traded prices for Jinchuan nickel were RMB 128,900-129,100/mt in the Shanghai nickel market, and RMB 127,500-127,800/mt for Russian nickel. Some traders entered the market for arbitrage trading in domestic electronic markets after LME nickel market gained overnight, helping improve market transactions. Downstream demand remained sluggish. In the afternoon, no trading was reported, a sign of strong holiday sentiment.

Jinchuan nickel

Russian nickel

LME nickel

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