Home / Metal News / SMM Nickel Market Daily Review (2015-5-6)

SMM Nickel Market Daily Review (2015-5-6)

iconMay 7, 2015 09:21
Source:SMM
SMM #1 nickel prices were between RMB 103,300-107,100/mt.

SHANGHAI, May 7 (SMM) – SMM #1 nickel prices were between RMB 103,300-107,100/mt. Nickel futures prices were strong in the morning. Jinchuan Group hiked ex-works prices further in the morning. Jinchuan nickel supply was tight, with premiums rising to RMB 3,500/mt against prices for the most actively traded contracts on the Wuxi electronic trading. Few downstream buyers purchased, with trading mainly made between traders. Trading volumes were scant, with traded prices between RMB 103,700-107,900/mt. Nickel prices rose further in the afternoon, and both traders and downstream buyers turned cautious, with traded prices between RMB 104,000-108,500/mt. Jinchuan raised nickel prices by RMB 2,500/mt to RMB 108,000/mt.
 

nickel prices

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news