SMM Nickel Market Daily Review (2013-6-7)

SHANGHAI, Jun. 8 (SMM) – In Shanghai, Jinchuan nickel prices were between RMB 106,200-106,400/mt in the morning session, while Russian nickel prices were between RMB 105,200-105,400/mt. Traders began to hold back goods and raised their quotes in the afternoon, with Jinchuan nickel prices up to RMB106,400-106,600/mt, and Russian nickel prices rising to RMB 105,400-105,600/mt. After the adjustment, transactions made around RMB 105,400/mt and RMB 106,400/mt were active, while high-price resources were unpopular.