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SMM Nickel Market Daily Review (2014-7-16)
Jul 17,2014 09:34
CSTprice review forecast
Source:SMM
SMM #1 nickel prices were quoted between RMB 131,400-131,900/mt, with trading improving in the morning.
SHANGHAI, Jul. 17 (SMM) – SMM #1 nickel prices were quoted between RMB 131,400-131,900/mt, with trading improving in the morning. Nickel prices on Wuxi electronic trading soared, moving between RMB 131,250-131,750/mt. prices were between RMB 131,500-132,000/mt in the morning, and rose to RMB 131,700-132,200/mt in the afternoon. Demand was sluggish due to the off-season for stainless steel, with transactions mainly made among traders, and will not improve until late August.
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