SMM Nickel Market Daily Review (2015-1-6)

Published: Jan 7, 2015 09:26

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SMM #1 nickel prices were between RMB 108,200-108,500/mt, while LME nickel prices rebounded to the 5-day moving average.

SHANGHAI, Jan. 7 (SMM) – SMM #1 nickel prices were between RMB 108,200-108,500/mt, while LME nickel prices rebounded to the 5-day moving average. Spot prices rose in the morning, and downstream buyers purchased modestly, with transactions quiet and traded prices between RMB 108,000-108,400/mt. Prices climbed in the afternoon, causing downstream buying interest to weaken. Traders also withdrew, with traded prices between RMB 108,600-108,900/mt.

nickel prices

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