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SMM Nickel Market Daily Review (2013-3-8)
Mar 11,2013 08:52CST
price review forecast
Source:SMM
Traded prices of nickel from Jinchuan Group were between RMB 117,800-118,000/mt, and mainstream traded prices of nickel from Russia were between RMB 116,800-117,000/mt.

SHANGHAI, Mar.11 (SMM) -- In the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were between RMB 117,800-118,000/mt, and mainstream traded prices of nickel from Russia were between RMB 116,800-117,000/mt. Most buyers adopted a wait-and-see attitude amid high prices offered, and mainstream were thus muted. During the afternoon trading hours, traders lowered Jinchuan Group nickel price to RMB 117,700/mt and Russian nickel prices to RMB 116,700/mt as their willingness to move goods grew out of concern that nonfarm employment data may fall. The lower prices in spot market offered arbitrage opportunity, increasing transactions between traders.
 

Jinchuan Group nickel price
Russian nickel price
Shanghai spot nickel price

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