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SMM Nickel Market Daily Review (2013-7-5)
Jul 8,2013 10:10
CSTprice review forecast
Source:SMM
Traded prices of Jinchuan nickel were RMB 97,500-97,700/mt last Firday morning, and RMB 96,500-96,700/mt for imported nickel, flat with the previous day.
SHANGHAI, Jun. 8 (SMM) – Traded prices of Jinchuan nickel were RMB 97,500-97,700/mt last Firday morning, and RMB 96,500-96,700/mt for imported nickel, flat with the previous day. In the afternoon, trading turned brisk as there was room for arbitrage. #1 refined nickel was traded between RMB 96,700-97,700/mt, but transactions were muted once LME nickel fell to USD 13,681/mt. Jinchuan nickel and Russian nickel were both in ample supply, with the price gap remaining at RMB 1,000/mt. Premium at bonded zone is now at USD 110-120/mt.
latest Jinchuan nickel prices
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