SMM Nickel Market Daily Review (2015-9-22)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2015-9-22)

Price Review & Forecast 09:43:47AM Sep 23, 2015 Source:SMM

SHANGHAI, Sept. 23 (SMM) – SMM #1 nickel prices were between RMB 75,400-76,100/mt. Discounts of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were zero in the morning, with traded prices between RMB 75,400-75,600/mt. Discounts of Russian nickel were around RMB 300/mt, with traded prices between RMB 75,200-75,300/mt. Supplies decreased in the afternoon as nickel futures prices dropped. Prices of Jinchuan nickel turned to RMB 200/mt above the most actively traded contracts on the Wuxi electronic trading. A growing number of downstream buyers entered the market ahead of China’s National Day holiday, with prices between RMB 75,100-75,600/mt.


Key Words:  nickel prices 

SMM Nickel Market Daily Review (2015-9-22)

Price Review & Forecast 09:43:47AM Sep 23, 2015 Source:SMM

SHANGHAI, Sept. 23 (SMM) – SMM #1 nickel prices were between RMB 75,400-76,100/mt. Discounts of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were zero in the morning, with traded prices between RMB 75,400-75,600/mt. Discounts of Russian nickel were around RMB 300/mt, with traded prices between RMB 75,200-75,300/mt. Supplies decreased in the afternoon as nickel futures prices dropped. Prices of Jinchuan nickel turned to RMB 200/mt above the most actively traded contracts on the Wuxi electronic trading. A growing number of downstream buyers entered the market ahead of China’s National Day holiday, with prices between RMB 75,100-75,600/mt.


Key Words:  nickel prices