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SMM Nickel Market Daily Review (2014-4-25)
Apr 28,2014 08:55
CSTprice review forecast
Source:SMM
SMM #1 nickel prices were between RMB 123,800-124,500/mt, down RMB 2,900/mt.
SHANGHAI, Apr. 28 (SMM) – SMM #1 nickel prices were between RMB 123,800-124,500/mt, down RMB 2,900/mt. Prices in Wuxi slid in the morning, dragging down Jinchuan nickel prices to fall to RMB 123,500/mt, but rising to RMB 124800/mt in the afternoon. End-user demand weakened in the afternoon, with a small number of traders replenishing Russian nickel at lower prices.
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