SHANGHAI, Jun. 20 (SMM) – SMM #1 nickel prices were quoted between RMB 125,400-126,400/mt. Jinchuan lowered nickel prices by RMB 5,500/mt to RMB 126,500/mt. Spot transactions were brisk. Spot goods traded based on SMM #1 nickel prices were profitable since prices on the Wuxi electronic trading rose after 10:00 am. Jinchuan nickel prices were between RMB 126,200-127,000/mt, and Russian nickel prices dropped by RMB 800-1,000/mt.