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Home / Metal News / SMM Nickel Market Daily Review (2013-7-11)

SMM Nickel Market Daily Review (2013-7-11)

iconJul 12, 2013 09:58
In Shanghai, nickel was trade between RMB 97,000-98,200/mt in the morning, RMB 97,000/mt for imported nickel and RMB 98,200/mt for Jinchuan nickel.

SHANGHAI, Jul. 12 (SMM) – In Shanghai, nickel was trade between RMB 97,000-98,200/mt in the morning, RMB 97,000/mt for imported nickel and RMB 98,200/mt for Jinchuan nickel. In the afternoon, prices of imported nickel advanced to RMB 97,500/mt and Jinchuan nickel rose to RMB 98,500/mt, tracking LME nickel. Downstream producers were little interested in buying out of growing pessimism over future prices.
 

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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