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SMM Nickel Market Daily Review (2013-7-25)
Jul 26, 2013 09:05Source:SMM
In Shanghai, transactions did not improve and were mainly made among traders.
SHANGHAI, Jul. 26 (SMM) – In Shanghai, transactions did not improve and were mainly made among traders. #1 nickel prices were between RMB 98,800-99,900/mt in the morning. Jinchuan did not adjust ex-works nickel prices as LME nickel prices overnight closed up USD 200/mt. But as LME nickel prices soared in the afternoon, and as traders see prices rising to USD 14,500/mt, Jinchuan nickel prices surged to RMB 100,000/mt, touching as high as RMB 100,200/mt.
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