SHANGHAI, Mar. 4 (SMM) -- In the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group rose to RMB 118,000-118,200/mt and mainstream traded prices of nickel from Russia were between RMB 117,000-117,200/mt. During the afternoon trading hours, Jinchuan Group nickel prices fell to RMB 117,700/mt and Russian nickel prices fell to around RMB 116,700/mt. Lower prices dampened market confidence, which resulted in reduced inquiries and quiet transactions.