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