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SMM Nickel Market Daily Review (2013-4-3)
SHANGHAI, Apr. 7 (SMM) - Last Wednesday, Jinchuan nickel was quoted between RMB 113,900-114,100/mt in the morning trading, and Russian nickel prices were between RMB 112,900-113,100/mt, with a wait-and-see attitude dominating the market, and transactions muted. But due to strengthening SHFE nickel prices and arbitrage opportunities, some traders were actively purchasing, pushing up Jinchuan nickel prices to RMB 114,200/mt, with Russian nickel prices up to RMB 112,800/mt.
SMM Nickel Market Daily Review (2013-4-3)
SHANGHAI, Apr. 7 (SMM) - Last Wednesday, Jinchuan nickel was quoted between RMB 113,900-114,100/mt in the morning trading, and Russian nickel prices were between RMB 112,900-113,100/mt, with a wait-and-see attitude dominating the market, and transactions muted. But due to strengthening SHFE nickel prices and arbitrage opportunities, some traders were actively purchasing, pushing up Jinchuan nickel prices to RMB 114,200/mt, with Russian nickel prices up to RMB 112,800/mt.
