SMM Nickel Market Daily Review (2013-4-11)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2013-4-11)

Price Review & Forecast 08:56:48AM Apr 12, 2013 Source:SMM

SHANGHAI, Apr. 12 (SMM) - In Shanghai, Jinchuan nickel prices were between RMB 114,000-114,200/mt in the morning trading on Wednesday, and Russian nickel prices were between RMB 113,000-113,200/mt. Supply for Jinchuan nickel at RMB 114,000/mt and for Russian nickel at RMB 113,000/mt was tightly in the morning trading, with demand strong. But as LME nickel prices rolled back early gains in the afternoon, quotes by traders were lowered, with transactions muted.
 

SMM Nickel Market Daily Review (2013-4-11)

Price Review & Forecast 08:56:48AM Apr 12, 2013 Source:SMM

SHANGHAI, Apr. 12 (SMM) - In Shanghai, Jinchuan nickel prices were between RMB 114,000-114,200/mt in the morning trading on Wednesday, and Russian nickel prices were between RMB 113,000-113,200/mt. Supply for Jinchuan nickel at RMB 114,000/mt and for Russian nickel at RMB 113,000/mt was tightly in the morning trading, with demand strong. But as LME nickel prices rolled back early gains in the afternoon, quotes by traders were lowered, with transactions muted.