SMM Nickel Market Daily Review (2013-2-5)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2013-2-5)

Price Review & Forecast 09:29:03AM Feb 06, 2013 Source:SMM

SHANGHAI, Feb. 6 (SMM) – On Tuesday, mainstream traded prices for Jinchuan nickel were RMB 130,800-131,000/mt in the Shanghai nickel market, and RMB 129,500-129,800/mt for Russian nickel. Downstream producers and traders are now closing for the holiday, and meanwhile the lack of arbitrage opportunity in domestic electronic trading further reduced the already light trading sentiment, a sign of strong holiday sentiment. 
 

SMM Nickel Market Daily Review (2013-2-5)

Price Review & Forecast 09:29:03AM Feb 06, 2013 Source:SMM

SHANGHAI, Feb. 6 (SMM) – On Tuesday, mainstream traded prices for Jinchuan nickel were RMB 130,800-131,000/mt in the Shanghai nickel market, and RMB 129,500-129,800/mt for Russian nickel. Downstream producers and traders are now closing for the holiday, and meanwhile the lack of arbitrage opportunity in domestic electronic trading further reduced the already light trading sentiment, a sign of strong holiday sentiment.