SMM Nickel Market Daily Review (2013-6-4)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2013-6-4)

Price Review & Forecast 08:54:46AM Jun 05, 2013 Source:SMM

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.

 

Key Words:  nickel prices  

SMM Nickel Market Daily Review (2013-6-4)

Price Review & Forecast 08:54:46AM Jun 05, 2013 Source:SMM

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.

 

Key Words:  nickel prices