SMM Nickel Market Daily Review (2015-9-10)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2015-9-10)

Price Review & Forecast 09:57:26AM Sep 11, 2015 Source:SMM

SHANGHAI, Sept. 11 (SMM) – SMM #1 nickel prices were between RMB 75,400-76,400/mt. Discounts of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 200/mt in the morning. Traders purchased as needed while downstream buyers bought modestly, with traded prices between RMB 75,300-76,000/mt. Nickel futures prices climbed in the afternoon. Some traders held back goods due to market optimism, while some ramped up purchases for Jinchuan nickel. Downstream buyers took a wait-and-see posture. Nickel prices fell back later the day, with traded prices between RMB 76,300-77,000/mt. Jinchuan Group lowered prices by RMB 800/mt to RMB 76,000/mt.


Key Words:  nickel prices 

SMM Nickel Market Daily Review (2015-9-10)

Price Review & Forecast 09:57:26AM Sep 11, 2015 Source:SMM

SHANGHAI, Sept. 11 (SMM) – SMM #1 nickel prices were between RMB 75,400-76,400/mt. Discounts of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 200/mt in the morning. Traders purchased as needed while downstream buyers bought modestly, with traded prices between RMB 75,300-76,000/mt. Nickel futures prices climbed in the afternoon. Some traders held back goods due to market optimism, while some ramped up purchases for Jinchuan nickel. Downstream buyers took a wait-and-see posture. Nickel prices fell back later the day, with traded prices between RMB 76,300-77,000/mt. Jinchuan Group lowered prices by RMB 800/mt to RMB 76,000/mt.


Key Words:  nickel prices