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Home / Metal News / SMM Nickel Market Daily Review (2013-3-21)

SMM Nickel Market Daily Review (2013-3-21)

iconMar 22, 2013 09:02
Source:SMM
Jinchuan Group raised ex-works nickel prices by RMB 1,000/mt, to RMB 118,000/mt on Thursday.

SHANGHAI, Mar.22 (SMM) -- Jinchuan Group raised ex-works nickel prices by RMB 1,000/mt, to RMB 118,000/mt on Thursday. During the morning trading hours the Shanghai nickel spot market, mainstream offers of nickel from Jinchuan Group were around RMB 118,000/mt and mainstream offers of nickel from Russia were around RMB 117,000/mt. As LME nickel prices advanced during the afternoon trading hours, Jinchuan Group nickel prices rose to RMB 118,500/mt and Russia nickel prices rose to RMB 117,500/mt. Market confidence improved amid LME nickel price hike, which boosted transactions as well.
 

Jinchuan Group nickel price
Shanghai nickel spot price

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