SMM Nickel Market Daily Review (2014-10-17)

Oct 20, 2014 09:40

SMM #1 nickel prices were between RMB 106,300-106,700/mt.

SHANGHAI, Oct. 20 (SMM) – SMM #1 nickel prices were between RMB 106,300-106,700/mt. Spot nickel prices in Shanghai rose with LME nickel prices in the morning, with prices RMB 100-200/mt below 1411 nickel contract prices on the Wuxi electronics trading, between RMB 106,300-106,800/mt. Spot prices fell in the afternoon, with Jinchuan nickel prices as low as RMB 106,200/mt. Russian nickel prices were RMB 200/mt below Jinchuan nickel prices, but transactions were quiet. Trading between traders was brisk due to significant price volatility. Jinchuan lowered nickel prices RMB 6,000/mt to RMB 106,500/mt. Most downstream buyers suspended purchase due to weak LME nickel prices.

nickel prices

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SMM Nickel Market Daily Review (2014-10-17)

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