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SMM Nickel Market Daily Review (2013-6-19)
Jun 20,2013 08:44CST
price review forecast
Source:SMM
In Shanghai, Jinchuan nickel prices were around RMB 100,200/mt in the morning session, and Russian nickel prices dropped below RMB 99,200/mt.

SHANGHAI, Jun. 20 (SMM) – In Shanghai, Jinchuan nickel prices were around RMB 100,200/mt in the morning session, and Russian nickel prices dropped below RMB 99,200/mt. Although LME nickel prices rebounded later the day, but spot prices were dragged down by sluggish downstream demand. Jinchuan nickel prices fell to RMB 100,000/mt, and Russian nickel prices also fell to RMB 99,000/mt. Domestic traders and downstream buyers were pessimistic due to slipping spot nickel prices, keeping transactions muted.
 

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