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SMM Nickel Market Daily Review (2013-7-12)
Jul 15, 2013 09:00Source:SMM
In Shanghai, Jinchuan nickel prices were between RMB 96,200-97,400/mt, and Russian nickel prices were around RMB 96,200/mt.
SHANGHAI, Jul. 15 (SMM) – In Shanghai, Jinchuan nickel prices were between RMB 96,200-97,400/mt, and Russian nickel prices were around RMB 96,200/mt. As the domestic/imported nickel price ratio improved, Russian nickel supply was ample, and some traders reported South African nickel was also massive. In the afternoon, Jinchuan nickel prices fell to RMB 96,900-97,000/mt due to weakening LME nickel prices, and Russian nickel prices dropped to RMB 95,800/mt, with transactions muted.
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