SMM Nickel Market Daily Review (2013-3-6)

SHANGHAI, Mar.7 (SMM) -- In the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were in the RMB 117,900-118,100/mt range, and mainstream traded prices of nickel from Russia were in the RMB 116,900-117,100/mt range. As LME nickel prices slightly advanced on Tuesday night, offers of nickel in the Shanghai nickel spot market slightly grew on Wednesday. As nickel prices gradually rose from this week, downstream purchases increased, with brisk transactions reported.