SMM Nickel Market Daily Review (2013-6-26)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2013-6-26)

Industry News 08:49:44AM Jun 27, 2013 Source:SMM

SHANGHAI, Jun. 27 (SMM) – In Shanghai, Jinchuan nickel prices were around RMB 97,500/mt in the morning, and Russian nickel prices were around RMB 96,500/mt. As LME nickel prices dropped, Jinchuan nickel prices fell to RMB 97,100/mt, and Russian nickel prices sank to RMB 96,100/mt. Price fluctuations in Wuxi created arbitrage opportunities for traders, but transactions were quiet. Downstream buying interest was low due to falling prices and cash flow problem.
 

Key Words:  nickel prices  

SMM Nickel Market Daily Review (2013-6-26)

Industry News 08:49:44AM Jun 27, 2013 Source:SMM

SHANGHAI, Jun. 27 (SMM) – In Shanghai, Jinchuan nickel prices were around RMB 97,500/mt in the morning, and Russian nickel prices were around RMB 96,500/mt. As LME nickel prices dropped, Jinchuan nickel prices fell to RMB 97,100/mt, and Russian nickel prices sank to RMB 96,100/mt. Price fluctuations in Wuxi created arbitrage opportunities for traders, but transactions were quiet. Downstream buying interest was low due to falling prices and cash flow problem.
 

Key Words:  nickel prices