SHANGHAI, Jun. 16 (SMM) – SMM #1 nickel prices were quoted between RMB 127,400-128,000/mt. Traders were actively selling as prices rose, but end-users remained cautious, with transactions made between RMB 125,000-128,000/mt. due to China’s probe into financing fraud at the Port of Qingdao, which caused sell offs, the price spread between Russian nickel and Jinchuan nickel once expanded to RMB 1,100/mt. The spot market muted again in the afternoon as prices fell.