SMM Nickel Market Daily Review (2015-8-27)

Published: Aug 28, 2015 09:36

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SMM #1 nickel prices were between RMB 74,300-75,700/mt.

SHANGHAI, Aug. 28 (SMM) – SMM #1 nickel prices were between RMB 74,300-75,700/mt. Discounts of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading widened to RMB 900/mt in the morning. Russian nickel was popular, but overall transactions were lackluster, with traded prices between RMB 74,400-75,400/mt. Premiums of Jinchuan nickel narrowed to RMB 600/mt in the afternoon. Jinchuan Group left price unchanged for three days in a row, allowing Jinchuan nickel supply to decrease, with traded prices between RMB 74,400-75,500/mt.

nickel prices

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