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SMM Nickel Weekly Review and Forecast (Feb. 17-21, 2014)

iconFeb 17, 2014 16:59
Source:SMM
In the Shanghai physical nickel market, #1 nickel prices last week averaged RMB 95,030/mt, up RMB 30/mt from a week ago.

SHANGHAI, Feb. 17 (SMM) – In the Shanghai physical nickel market, #1 nickel prices last week averaged RMB 95,030/mt, up RMB 30/mt from a week ago. Jinchuan Group cut ex-works prices to RMB 95,600/mt, down RMB 300/mt. Downstream producers showed little interest in purchasing, with light transactions mostly among middlemen.
 

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