SMM Nickel Market Daily Review (2015-8-25)

SHANGHAI, Aug. 26 (SMM) – SMM #1 nickel prices were between RMB 74,600-75,300/mt. Discounts of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 200/mt in the morning. Jinchuan did not adjust prices yesterday. Downstream buyers replenished stocks actively, with traded prices between RMB 74,800-75,300/mt. Discounts of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading rose to RMB 300/mt in the afternoon. Traders sold proactively, while purchases were mainly made by downstream producers, with traded prices between RMB 73,200-73,600/mt.