SMM Nickel Market Daily Review (2015-5-14)

SHANGHAI, May 15 (SMM) – SMM #1 nickel prices were between RMB 102,100-106,100/mt. Nickel prices fell in the afternoon, allowing traders to sell proactively. Downstream buyers purchased as needed, with traded prices between RMB 102,000-105,900/mt. Nickel prices edged lower in the afternoon as supply grew. Traders sold Russian and Jinchuan nickel actively, with premiums of Jinchuan nickel down to RMB 3,000/mt against prices for the most actively traded contracts on the Wuxi electronic trading. Downstream buyers purchased Russian nickel, causing transactions to improve and with traded prices between RMB 101,900-105,500/mt.