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

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.