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SMM Nickel Market Daily Review (2013-11-21)
Nov 22,2013 08:47
CSTprice review forecast
Source:SMM
In Shanghai, traders watched on the sidelines as nickel prices moved weakly and due to the cash flow tightness at the end of the month.
SHANGHAI, Nov. 22 (SMM) – In Shanghai, traders watched on the sidelines as nickel prices moved weakly and due to the cash flow tightness at the end of the month, while downstream buyers purchased actively at lower prices. SMM #1 nickel prices were between RMB 94,200-95,200/mt, down RMB 500/mt. Jinchuan quoted between RMB 95,200-95,300/mt, with the price spread with Russian nickel at 1,000/mt.
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