SHANGHAI, Apr. 22 (SMM) - Jinchuan Nickel lowered nickel prices by RMB 7,500/mt, to RMB 106,000/mt last Friday. In Shanghai, Jinchuan nickel prices were quoted around RMB 107,000/mt, while Russian nickel prices were around RMB 106,000/mt, with market players actively replenishing stocks and transactions brisk. Traders began to hold prices firm later in the day, with Jinchuan nickel prices up to RMB 107,500-107,700/mt, and Russian nickel prices rising to RMB 106,500-106,700/mt, but trading volumes decreased. Jinchuan nickel costs decreased after Jinchuan Nickel lowered prices, but traders were unwilling to cut prices and holding back goods, keeping transactions muted.
SMM Nickel Market Daily Review (2013-4-19)
Key Words: nickel prices
