SHANGHAI, May 8 (SMM) – SMM #1 nickel prices were between RMB 101,600-107,400/mt. Nickel futures prices fell in the morning. Jinchuan Group did not adjust ex-works prices. With tight Jinchuan nickel supply, premiums rising to RMB 5,000/mt against prices for the most actively traded contracts on the Wuxi electronic trading. Some traders held back goods, but downstream buyers were unwilling to purchase higher-priced goods, leaving overall transactions muted and traded prices between RMB 101,800-107,300/mt. Nickel prices held stable in the afternoon, with both traders and downstream buyers cautious and traded prices between RMB 101,500-106,700/mt.
SMM Nickel Market Daily Review (2015-5-7)
SMM #1 nickel prices were between RMB 101,600-107,400/mt.
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