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.