SHANGHAI, Mar. 20 (SMM) – In Shanghai, SMM #1 nickel prices rose to RMB 101,300-102,300/mt Wednesday. Jinchuan Group raised its ex-works prices by RMB 4,500/mt to RMB 103,000/mt. Nickel contract on China Stainless Steel Exchange posted noticeable increase for a second trading day, and the volatile prices enlivened arbitrage operations. Traders selling goods to downstream buyers held prices firm. Buyers made inquiries actively, but purchases remained limited. In the afternoon, quotes for spot nickel rose to RMB 102,000-103,000/mt, with trading still thin.