SHANGHAI, Aug. 6 (SMM) – SMM #1 nickel prices were between RMB 80,200-81,200/mt. Premiums of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 500/mt in the morning. Jinchuan Group left ex-works prices unchanged in the morning, which is below market price. Purchases under term contracts grew, with traded prices between RMB 80,300-81,000/mt. Nickel prices surged initially but fell back in the afternoon, with most trading between arbitrage traders, with traded prices between RMB 80,300-81,100/mt.
[Ni Price] SMM Nickel Market Daily Review (2015-8-5)
SMM #1 nickel prices were between RMB 80,200-81,200/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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