SMM Nickel Market Daily Review (2013-4-24)

SHANGHAI, Apr. 25 (SMM) - In Shanghai, traders held prices firm in the morning trading. Despite LME nickel prices overnight closed the day with declines, Jinchuan Nickel prices rose to RMB 106,300-106,500/mt, while Russian nickel prices were between RMB 105,500-105,600/mt, with transactions muted. In the afternoon, LME nickel prices began to advance, and traders also raised their quotes, pushing up Jinchuan nickel prices to as high as RMB 107,200/mt, and Russian nickel prices to RMB 106,200/mt, causing transactions to decrease.