SMM Nickel Market Daily Review (2014-8-8)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2014-8-8)

Price Review & Forecast 09:22:57AM Aug 11, 2014 Source:SMM

SHANGHAI, Aug. 11 (SMM) – SMM #1 nickel prices were between RMB 130,000-130,500/mt, with spot trading quiet in the morning. Traders turned cautious after LME nickel prices fell after touching USD 19,000/mt, with traded prices down to RMB 129,900-130,500/mt. Transactions were extremely muted in the afternoon as traders left the market at the week’s end, with end-user demand expected to remain soft in August.
 

Key Words:  nickel prices 

SMM Nickel Market Daily Review (2014-8-8)

Price Review & Forecast 09:22:57AM Aug 11, 2014 Source:SMM

SHANGHAI, Aug. 11 (SMM) – SMM #1 nickel prices were between RMB 130,000-130,500/mt, with spot trading quiet in the morning. Traders turned cautious after LME nickel prices fell after touching USD 19,000/mt, with traded prices down to RMB 129,900-130,500/mt. Transactions were extremely muted in the afternoon as traders left the market at the week’s end, with end-user demand expected to remain soft in August.
 

Key Words:  nickel prices