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

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

Price Review & Forecast 09:50:39AM Feb 04, 2013 Source:SMM

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.

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

Price Review & Forecast 09:50:39AM Feb 04, 2013 Source:SMM

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.