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SMM Nickel Market Daily Review (2015-4-14)
Apr 15, 2015 09:36Source:SMM
SMM #1 nickel prices were between RMB 92,300-94,300/mt.
SHANGHAI, Apr. 15 (SMM) – SMM #1 nickel prices were between RMB 92,300-94,300/mt. Traders sold actively on firm spot premiums, adding to healthy supply. But investors remained cautious, with trading muted and traded prices between RMB 92,600-94,400/mt. LME nickel prices fell further in the afternoon, causing market pessimism and traders to ramp up sales. Spot premiums decreased further, but downstream buying interest improved, with traded prices between RMB 92,200-93,600/mt.
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