SMM Nickel Market Daily Review (2013-6-25)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2013-6-25)

Price Review & Forecast 08:53:31AM Jun 26, 2013 Source:SMM

SHANGHAI, Jun. 26 (SMM) – In Shanghai, Jinchuan nickel prices were around RMB 96,900/mt in the morning, and Russian nickel prices were around RMB 95,900/mt. The market lacked confidence as LME nickel prices opened low and moved lower, with transactions muted. Jinchuan nickel prices dropped to nearly RMB 96,500/mt later in the day, and Russian nickel prices fell to RMB 95,500/mt. As LME nickel prices rebounded, domestic spot prices edged up, but traders were unwilling to sell goods, keeping transactions muted.
 

Key Words:  nickel prices  

SMM Nickel Market Daily Review (2013-6-25)

Price Review & Forecast 08:53:31AM Jun 26, 2013 Source:SMM

SHANGHAI, Jun. 26 (SMM) – In Shanghai, Jinchuan nickel prices were around RMB 96,900/mt in the morning, and Russian nickel prices were around RMB 95,900/mt. The market lacked confidence as LME nickel prices opened low and moved lower, with transactions muted. Jinchuan nickel prices dropped to nearly RMB 96,500/mt later in the day, and Russian nickel prices fell to RMB 95,500/mt. As LME nickel prices rebounded, domestic spot prices edged up, but traders were unwilling to sell goods, keeping transactions muted.
 

Key Words:  nickel prices