SMM Nickel Market Daily Review (2014-8-20)

Price Review & Forecast 09:18:05AM Aug 21, 2014 Source:SMM

SHANGHAI, Aug. 21 (SMM) – SMM #1 nickel prices were between RMB 129,500-129,700/mt, with trading muted and trading volumes below 100 mt. Traded prices were in line with SMM prices in the morning. Jinchuan raised nickel prices by RMB 500/mt to RMB 130,000/mt, higher than mainstream quotes in the market. With strong long momentum, prices of 1409 nickel contract on the Wuxi electronic trading rose to RMB 130,200/mt, with spot traded prices up to RMB 129,600-129,800/mt. Downstream purchase was limited.

Key Words: nickel prices

Relative News

Price

1# Silver Ingots(99.99%)

Dec.13

4054.0

-35.0

(-0.86%)

2# Silver Ingots(99.95%)

Dec.13

4039.0

-35.0

(-0.86%)

3# Silver Ingots(99.90%)

Dec.13

4024.0

-35.0

(-0.86%)

Gold(99.99%)

Dec.13

330.7

-4.1

(-1.22%)

Gold(99.95%)

Dec.13

330.4

-4.0

(-1.20%)

SMM Nickel Market Daily Review (2014-8-20)

Price Review & Forecast 09:18:05AM Aug 21, 2014 Source:SMM

Key Words: nickel prices