SMM Nickel Market Daily Review (2015-9-25)

Published: Sep 28, 2015 11:08

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SMM #1 nickel prices were between RMB 76,000-76,900/mt.

SHANGHAI, Sept. 28 (SMM) – SMM #1 nickel prices were between RMB 76,000-76,900/mt. Premiums of Jinchuan nickel against the most actively traded contracts on the Wuxi electronic trading were RMB 300/mt in the morning, with traded prices between RMB 76,500-76,600/mt. Discounts of Russian nickel were RMB 200/mt, with traded prices between RMB 76,000-76,100/mt. Downstream buying interest weakened now that they had built stocks. Supplies were ample after the delivery of SHFE 1509 nickel contracts, with trading quiet and prices between RMB 75,800-76,400/mt. Jinchuan Group raised prices by RMB 500/mt to RMB 76,300/mt.

nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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