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.