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SMM Nickel Market Daily Review (2014-6-5)
Jun 6,2014 09:03
CSTprice review forecast
Source:SMM
SMM #1 nickel prices were quoted between RMB 133,200-133,600/mt.
SHANGHAI, Jun. 6 (SMM) – SMM #1 nickel prices were quoted between RMB 133,200-133,600/mt. Transactions were brisk in the morning as traders had arbitrage opportunities on the Wuxi electronic trading, with Russian nickel traded RMB 500-600/mt below prices on the Wuxi electronic trading and Jinchuan nickel traded RMB 100-300/mt below prices on the Wuxi electronic trading. Traded prices were within SMM quote range, with transactions muted in the afternoon and downstream buying interest low. It was reported some NPI producers sold off goods to generate cash.
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