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SMM Nickel Market Daily Review (2013-7-11)
Jul 12,2013 09:58CST
price review forecast
Source: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.

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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