SMM Nickel Market Daily Review (2014-8-20)
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.
nickel prices
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