SMM Nickel Market Daily Review (2014-10-28)

Oct 29, 2014 09:28

SMM #1 nickel prices were between RMB 99,400-99,600/mt.

SHANGHAI, Oct. 29 (SMM) – SMM #1 nickel prices were between RMB 99,400-99,600/mt. Quotes were RMB 200-100/mt below 1411 nickel contract prices on the Wuxi electronic trading, and Russian nickel prices were RMB 200/mt below Jinchuan nickel. Traded prices were between RMB 99,400-99,600/mt in the morning, and trading was muted. But as prices inched up in the afternoon, trading improved, with prices between RMB 99,900-100,500/mt. Some stainless steel plants purchased nickel at lower prices now that NPI producers withheld from selling after bid invitation prices dropped to RMB 930/mtu. Jinchuan left nickel prices at RMB 101,000/mt.

nickel prices

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SMM Nickel Market Daily Review (2014-10-28)

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