SMM Nickel Market Daily Review (2013-4-18)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2013-4-18)

Price Review & Forecast 09:38:58AM Apr 19, 2013 Source:SMM

SHANGHAI, Apr. 19 (SMM) - In Shanghai, nickel prices fluctuated significantly on Tuesday. SHFE copper prices falling by daily limit immediately following opening triggered market fears, with Russian nickel prices as low as RMB 105,000/mt at a time, and with Jinchuan nickel prices around RMB 106,000/mt. Due to brisk transactions, traders then raised quotes by RMB 200/mt, and transactions remained active. Low-priced resources had been released after the Asian morning trading hours, and traders were mostly holding goods. Jinchuan nickel prices rose to RMB 106,500-107,000/mt, and Russian nickel prices advanced to RMB 105,500-106,000/mt, but demand decreased noticeably, keeping transactions muted.
 

Key Words:  nickel prices  

SMM Nickel Market Daily Review (2013-4-18)

Price Review & Forecast 09:38:58AM Apr 19, 2013 Source:SMM

SHANGHAI, Apr. 19 (SMM) - In Shanghai, nickel prices fluctuated significantly on Tuesday. SHFE copper prices falling by daily limit immediately following opening triggered market fears, with Russian nickel prices as low as RMB 105,000/mt at a time, and with Jinchuan nickel prices around RMB 106,000/mt. Due to brisk transactions, traders then raised quotes by RMB 200/mt, and transactions remained active. Low-priced resources had been released after the Asian morning trading hours, and traders were mostly holding goods. Jinchuan nickel prices rose to RMB 106,500-107,000/mt, and Russian nickel prices advanced to RMB 105,500-106,000/mt, but demand decreased noticeably, keeping transactions muted.
 

Key Words:  nickel prices