[Ni Price] SMM Nickel Market Daily Review (2015-8-5)

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.