SHANGHAI, Apr. 14 (SMM) – In Shanghai, SMM #1 nickel prices were between RMB 117,300-118,300/mt. Jinchuan raised nickel prices by RMB 2,000/mt, to RMB 120,000/mt. Spot transactions were down as spot prices have been rising for several consecutive days, with traded prices only up to RMB 117,500-118,500/mt in the afternoon. Downstream purchasing was modest.