SMM Nickel Market Daily Review (2013-6-21)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2013-6-21)

Price Review & Forecast 08:57:53AM Jun 24, 2013 Source:SMM

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.
 

Key Words:  nickel prices  

SMM Nickel Market Daily Review (2013-6-21)

Price Review & Forecast 08:57:53AM Jun 24, 2013 Source:SMM

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.
 

Key Words:  nickel prices