[Ni Price] SMM Nickel Market Daily Review (2015-8-7)-Shanghai Metals Market

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[Ni Price] SMM Nickel Market Daily Review (2015-8-7)

Price Review & Forecast 10:01:10AM Aug 10, 2015 Source:SMM

SHANGHAI, Aug. 10 (SMM) – SMM #1 nickel prices were between RMB 80,000-81,000/mt. Premiums of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 300/mt in the morning. Jinchuan Group left ex-works prices unchanged, but market price was much lower than Jinchuan nickel price. Trading muted, with traded prices between RMB 80,100-80,700/mt. Nickel prices fell initially but then rose in the afternoon, and downstream buyers purchased modestly, with trading mainly made between traders. Russian nickel supply grew now that an import window has opened. But demand for nickel softened as stainless steel plants cut output, allowing domestic nickel inventories to grow.  Trading was quiet and traded prices were between RMB 80,000-80,700/mt.

Key Words:  Ni price  nickel prices 

[Ni Price] SMM Nickel Market Daily Review (2015-8-7)

Price Review & Forecast 10:01:10AM Aug 10, 2015 Source:SMM

SHANGHAI, Aug. 10 (SMM) – SMM #1 nickel prices were between RMB 80,000-81,000/mt. Premiums of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 300/mt in the morning. Jinchuan Group left ex-works prices unchanged, but market price was much lower than Jinchuan nickel price. Trading muted, with traded prices between RMB 80,100-80,700/mt. Nickel prices fell initially but then rose in the afternoon, and downstream buyers purchased modestly, with trading mainly made between traders. Russian nickel supply grew now that an import window has opened. But demand for nickel softened as stainless steel plants cut output, allowing domestic nickel inventories to grow.  Trading was quiet and traded prices were between RMB 80,000-80,700/mt.

Key Words:  Ni price  nickel prices