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

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

Price Review & Forecast 09:53:29AM Apr 25, 2013 Source:SMM

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.
 

Price

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1# Zinc
Oct.17
18820.0
-110.0
(-0.58%)
0# Zinc
Oct.17
18890.0
-110.0
(-0.58%)
T/C for domestic zinc concentrate
Oct.01
6325.0
0.0
(0.00%)
T/C for imported zinc concentrate
Oct.01
280.0
0.0
(0.00%)
Zinc Alloy (Zamak3/ZX01)
Oct.17
19790.0
-110.0
(-0.55%)

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

Price Review & Forecast 09:53:29AM Apr 25, 2013 Source:SMM

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.