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SMM Nickel Market Daily Review (2013-3-13)
Mar 14,2013 08:47CST
price review forecast
Source:SMM
Jinchuan Group raised ex-works nickel prices by RMB 1,000/mt, to RMB 118,000/mt on Tuesday.

SHANGHAI, Mar.14 (SMM) -- Jinchuan Group raised ex-works nickel prices by RMB 1,000/mt, to RMB 118,000/mt on Tuesday. In the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were in the RMB 118,800-119,000/mt range, and mainstream traded prices of nickel from Russia were in the RMB 117,700-118,000/mt range. As LME nickel prices made significant breakthrough, bullish sentiment grew. Traders actively replenished stocks as a result, boosting transactions.
 

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Jinchuan nickel price

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