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SMM Nickel Market Daily Review (2013-7-2)
Jul 3,2013 08:58CST
price review forecast
Source:SMM
In Shanghai, both Jinchuan and Russian nickel prices rose RMB 950/mt, with RMB 98,400-98,600/mt and RMB 97,400-97,600/mt, respectively.

SHANGHAI, Jun. 3 (SMM) – In Shanghai, both Jinchuan and Russian nickel prices rose RMB 950/mt, with RMB 98,400-98,600/mt and RMB 97,400-97,600/mt, respectively. Zhuyou nickel was sold RMB 500/mt above Russian nickel prices. As LME nickel prices advanced at noon, Jinchuan nickel prices were around RMB 98,700/mt, and Russian nickel prices were around RMB 97,700/mt. But traders were mostly cautious due to severe price volatility, with transactions muted.
 

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