SHANGHAI, Jun. 5 (SMM) – Jinchuan raised ex-works nickel prices to RMB 106,500/mt. In Shanghai, Jinchuan nickel prices were between RMB 105,400-105,600/mt, while Russian nickel prices were between RMB 104,400-104,600/mt. Rumors that the SRB will purchase nickel reserves affected Shanghai nickel market limitedly. Trading volumes increased slightly due to rising LME nickel prices, but transactions were still muted.