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SMM Nickel Market Daily Review (2013-6-18)
Jun 19,2013 09:00CST
price review forecast
Source:SMM
Jinchuan lowered nickel ex-works prices to RMB 102,000/mt, down RMB 4,500/mt.

SHANGHAI, Jun. 19 (SMM) – Jinchuan lowered nickel ex-works prices to RMB 102,000/mt, down RMB 4,500/mt. In Shanghai, Jinchuan nickel prices were around RMB 101,200/mt in the morning session, and Russian nickel prices were around RMB 100,200/mt. But as Jinchuan lowered nickel prices and due to plunging LME nickel prices, spot Jianchuan nickel prices dropped to RMB 100,800/mt, while Russian nickel prices stood firm at RMB 101,000/mt. transactions among traders increased due to some arbitrage opportunities, but overall market sentiment was still cautious.
 

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