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SMM Nickel Market Daily Review (2013-6-21)
Jun 24,2013 08:57
CSTprice review forecast
Source:SMM
In Shanghai, spot Jinchuan nickel prices were around RMB 97,000/mt in the morning session, and Russian nickel prices were around RMB 96,000/mt.
SHANGHAI, Jun. 24 (SMM) – In Shanghai, spot Jinchuan nickel prices were around RMB 97,000/mt in the morning session, and Russian nickel prices were around RMB 96,000/mt. A wait-and-see attitude permeated in the market as prices continued to drop, keeping transactions quiet. Traders were unwilling to sell goods as the weekend neared, so Jinchuan nickel prices rose to RMB 97,400/mt in the afternoon, and Russian nickel prices fell to RMB 96,400/mt, with downstream buying interest low and transactions muted.
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