SHANGHAI, Jan. 21 (SMM) – SMM #1 nickel prices were between RMB 107,100-107,500/mt. Spot nickel prices in Shanghai rose in the morning as LME nickel prices inched up. Jinchuan increased supply as downstream buyers purchased modestly, causing transactions to improve and with traded prices between RMB 107,300-107,700/mt. LME nickel prices dived in the afternoon, pushing down spot nickel prices and muting trading, with traded prices between RMB 107,200-107,500/mt. Jinchuan lowered nickel prices by RMB 1,000/mt to RMB 107,500/mt.
SMM Nickel Market Daily Review (2015-1-20)
SMM #1 nickel prices were between RMB 107,100-107,500/mt.
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