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Home / Metal News / SMM Nickel Market Daily Review (2014-3-5)

SMM Nickel Market Daily Review (2014-3-5)

Mar 6, 2014 09:12

In Shanghai, SMM #1 nickel prices were between RMB 94,900-95,900/mt.

SHANGHAI, Mar. 6 (SMM) – In Shanghai, SMM #1 nickel prices were between RMB 94,900-95,900/mt. Jinchuan raised nickel prices by RMB 1,200/mt to RMB 96,000/mt. Spot transactions were quiet, and trades for Russian nickel above RMB 95,000/mt were modest, and mainly made among traders. Spot prices were between RMB 95,100-96,100/mt in the afternoon.

spot nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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According to Russian Nickel major Norilsk, the current spot price levels of the metal are unlikely to sustain the long run.

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SMM Nickel Market Daily Review (2014-3-5)

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