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SMM Nickel Market Daily Review (2013-7-10)
Jul 11,2013 09:02CST
price review forecast
Source:SMM
In Shanghai, Jinchuan nickel prices were between RMB 95,000-95,200/mt, and Russian nickel prices were between RMB 94,000-94,200/mt.

SHANGHAI, Jul. 11 (SMM) – In Shanghai, Jinchuan nickel prices were between RMB 95,000-95,200/mt, and Russian nickel prices were between RMB 94,000-94,200/mt. LME nickel prices weakened before rising, and China’s domestic prices inched down, with Jinchuan nickel prices down to RMB 94,900/mt, and Russian nickel prices falling to RMB 93,900/mt. But Jinchuan nickel prices rallied to RMB 95,000-95,200/mt later in the day, and Russian nickel prices rose to RMB 94,000-94,200/mt. LME nickel prices lacked momentum to rise, and downstream buyers were cautious, while traders also stood on the sidelines, keeping transactions muted.
 

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