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Home / Metal News / SMM Nickel Market Daily Review (2013-3-26)

SMM Nickel Market Daily Review (2013-3-26)

iconMar 27, 2013 09:33
In the Shanghai nickel spot market, mainstream offers for nickel from Jinchuan Group were between RMB 118,000-118,300/mt, and RMB 117,000-117,300/mt for nickel from Russia.

SHANGHAI, Mar. 27 (SMM) - In the Shanghai nickel spot market, mainstream offers for nickel from Jinchuan Group were between RMB 118,000-118,300/mt, and RMB 117,000-117,300/mt for nickel from Russia. As LME nickel prices fell during the day, prices for nickel from Jinchuan Group were at the lower end of the price range at RMB 118,000/mt and Russian nickel prices were near RMB 117,100/mt. Markets were bullish towards future prices as LME nickel prices have rebound recently. Some traders replenished stocks at low prices, improving overall trading.
 

prices for nickel from Jinchuan Group
Russian nickel prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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