SMM Nickel Market Daily Review (2013-4-17)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2013-4-17)

Price Review & Forecast 09:01:33AM Apr 18, 2013 Source:SMM

SHANGHAI, Apr. 18 (SMM) - In Shanghai, nickel prices did not fluctuated significantly on Wednesday. Jinchuan nickel prices were quoted around RMB 109,500/mt, and Russian nickel prices were around RMB 10,500/mt. Prices in Shanghai were relatively steady as LME zinc prices did not fluctuate sharply. Many traders and downstream enterprises were optimistic since LME nickel prices rebounded, and were actively purchasing. But as LME nickel prices then began to fall, traders were mostly holding back goods, keeping transactions muted.
 

Key Words:  nickel prices  

SMM Nickel Market Daily Review (2013-4-17)

Price Review & Forecast 09:01:33AM Apr 18, 2013 Source:SMM

SHANGHAI, Apr. 18 (SMM) - In Shanghai, nickel prices did not fluctuated significantly on Wednesday. Jinchuan nickel prices were quoted around RMB 109,500/mt, and Russian nickel prices were around RMB 10,500/mt. Prices in Shanghai were relatively steady as LME zinc prices did not fluctuate sharply. Many traders and downstream enterprises were optimistic since LME nickel prices rebounded, and were actively purchasing. But as LME nickel prices then began to fall, traders were mostly holding back goods, keeping transactions muted.
 

Key Words:  nickel prices