SMM Nickel Market Daily Review (2015-9-9)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2015-9-9)

Price Review & Forecast 09:49:58AM Sep 10, 2015 Source:SMM

SHANGHAI, Sept. 10 (SMM) – SMM #1 nickel prices were between RMB 76,500-77,300/mt. Discounts of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 200/mt in the morning. Traders sold actively while purchases were rarely made, with traded prices between RMB 76,500-77,000/mt. Nickel futures prices fell in the afternoon. Discounts of Russian nickel over the most actively traded contracts on the Wuxi electronic trading increased to RMB 700/mt as traders sold proactively at highs. Downstream buying interest weakened, with traded prices between RMB 76,100-76,800/mt. Jinchuan Group raised prices by RMB 1,800/mt to RMB 76,800/mt.


Key Words:  nickel prices 

SMM Nickel Market Daily Review (2015-9-9)

Price Review & Forecast 09:49:58AM Sep 10, 2015 Source:SMM

SHANGHAI, Sept. 10 (SMM) – SMM #1 nickel prices were between RMB 76,500-77,300/mt. Discounts of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 200/mt in the morning. Traders sold actively while purchases were rarely made, with traded prices between RMB 76,500-77,000/mt. Nickel futures prices fell in the afternoon. Discounts of Russian nickel over the most actively traded contracts on the Wuxi electronic trading increased to RMB 700/mt as traders sold proactively at highs. Downstream buying interest weakened, with traded prices between RMB 76,100-76,800/mt. Jinchuan Group raised prices by RMB 1,800/mt to RMB 76,800/mt.


Key Words:  nickel prices