SHANGHAI, Apr. 18 (SMM) – In Shanghai, SMM #1 nickel prices were between RMB 121,300-122,200/mt. Jinchuan raised nickel prices by RMB 4,000/mt, to RMB 123,000/mt. Spot transactions were quiet in the morning due to falling LME nickel prices. Traders purchased at lower prices between RMB 119,400-120,400/mt. But transactions remained muted although prices rebounded in the afternoon, with traded prices between RMB 120,800-121,800/mt.