SHANGHAI, Mar. 19 (SMM) – SMM #1 refined nickel prices in Shanghai were RMB 103,000-103,800/mt on March 18. Spot prices bounced back following a brief slide in the morning. Transactions increased with imported nickel quickly sold after being released. Traded prices were RMB 103,100-103,800/mt. Ub the afternoon, spot prices declined again due to lower LME nickel, but the premiums over 1504 contract on China Stainless Steel Exchange hit a 2015 high of RMB 2,000/mt. Traded prices were RMB 102,700-103,400/mt in the afternoon.
SMM Nickel Market Daily Review (2015-3-18)
SMM #1 refined nickel prices in Shanghai were RMB 103,000-103,800/mt on March 18.
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