SHANGHAI, Jun. 8 (SMM) - On Tuesday, Jinchuan Group raised ex-works prices for refined nickel to RMB 106,500/mt (large panel), and RMB 107,700/mt (small in barrel), an increase of RMB 2,000/mt. In the Shanghai nickel spot market, the average price of #1 nickel was RMB 105,900/mt, up RMB 1,360/mt from a week earlier. Trading showed no significant improvements one week ahead of the Chinese Dragon Boat Festival, and deals among traders were also quiet due to a lack of arbitrage opportunities.
SMM Nickel Weekly Price Review and Forecast (10-14, Jun. 2013)