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SMM Nickel Market Daily Review (2014-10-22)
Oct 23,2014 09:07CST
price review forecast
Source:SMM
SMM #1 nickel prices were between RMB 103,700-104,100/mt.

SHANGHAI, Oct. 23 (SMM) – SMM #1 nickel prices were between RMB 103,700-104,100/mt. LME nickel prices failed to break through RMB 15,000/mt, but cargo holders were not pessimistic toward the market. Spot supply increased as arbitrage traders sold actively, with quotes RMB 200-100/mt below 1411 nickel contract prices on the Wuxi electronics trading, between RMB 103,800-104,200/mt. Spot price volatility was up in the afternoon, leaving trading brisk, with traded prices between RMB 103,800-104,700/mt. Jinchuan left nickel prices unchanged at RMB 103,700/mt, with downstream purchasing actively.
 

nickel prices

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