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SMM Nickel Market Daily Review (2014-4-29)
Apr 30,2014 08:57
CSTprice review forecast
Source:SMM
SMM #1 nickel prices were between RMB 124,100-124,700/mt.
SHANGHAI, Apr. 30 (SMM) – SMM #1 nickel prices were between RMB 124,100-124,700/mt. Jinchuan lowered nickel prices by RMB 3500/mt, to RMB 124,500/mt. Spot price volatility was up, with Jinchuan nickel prices between RMB 123,500-124,500/mt and Russian nickel prices between RMB 123,000-124,000/mt. End-user demand was strong, but traders moved Russian nickel modestly due to low goods availability, with transactions muted.
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