SHANGHAI, Jun. 27 (SMM) – SMM #1 nickel prices were quoted between RMB 126,100-126,600/mt. Transactions on the Wuxi electronic trading were brisk after 1408 nickel contracts became the most actively traded contracts. But spot prices were sluggish, with quotes between RMB 125,800-126,400/mt in the afternoon. End-users remained cautious as the price spread between Russian nickel and Jinchuan nickel narrowed.