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SMM Nickel Market Daily Review (2014-3-13)
Mar 14,2014 08:51
CSTprice review forecast
Source:SMM
In Shanghai, SMM #1 nickel prices were between RMB 95,200-96,200/mt. spot
SHANGHAI, Mar. 14 (SMM) – In Shanghai, SMM #1 nickel prices were between RMB 95,200-96,200/mt. spot transactions were more brisk in the morning than in the afternoon. Jinchuan raised nickel prices by RMB 1,000/mt to RMB 97,000/mt. Spot transactions were brisk in the morning session but quiet in the afternoon, with Russian nickel prices between RMB 95,200-95,300/mt, and supply tight. As market sentiment weakened in the afternoon, spot nickel prices were between RMB 95,200-96,200/mt.
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