SHANGHAI, Apr. 20 (SMM) – SMM #1 nickel prices were between RMB 93,600-95,500/mt. Premiums of imported nickel inverted to discounts, pushing some traders to losses. Downstream buyers purchased cautiously, with trading muted and traded prices between RMB 93,600-95,100/mt. Spot nickel prices fell further in the afternoon, causing spot premiums to fall further, with trading quiet and traded prices between RMB 92,800-94,300/mt.
SMM Nickel Market Daily Review (2015-4-17)
SMM #1 nickel prices were between RMB 93,600-95,500/mt.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
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