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SMM Nickel Market Daily Review (2013-3-20)
Mar 21,2013 09:13CST
SMM Comments
Source:SMM
Mainstream traded prices of nickel from Jinchuan Group were in the RMB 116,700-116,800/mt range, and mainstream traded prices of nickel from Russia were in the RMB 115,600-115,800/mt range.

SHANGHAI, Mar.21 (SMM) -- During the morning trading hours in the Shanghai nickel spot market, mainstream traded prices of nickel from Jinchuan Group were in the RMB 116,700-116,800/mt range, and mainstream traded prices of nickel from Russia were in the RMB 115,600-115,800/mt range. As LME nickel prices lurched higher during the afternoon trading hours, offers of Jinchuan Group nickel rose to RMB 116,800-117,000/mt and offers of nickel from Russia were around RMB 115,800/mt. Although LME nickel prices have slightly advanced, market confidence still needs further improving. Transactions were sluggish and wait-and-see sentiment was strong.
 

Jinchuan Group nickel price
Shanghai nickel spot price

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