SHANGHAI, Jul. 8 (SMM) – Domestic nickel spot trading in China was thin against the backdrop of weak LME nickel prices. In the Shanghai nickel spot market, the average price of #1 nickel was RMB 97,470/mt, up RMB 600/mt from a week earlier. The price gap between Russian and Jinchuan nickel stabilized last week at RMB 1,000/mt, and with ample market supply reported. Trading during the second half of the week fell off as prices lost upward momentum.