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

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

Price Review & Forecast 11:08:17AM Sep 28, 2015 Source:SMM

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.


Key Words:  nickel prices 

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

Price Review & Forecast 11:08:17AM Sep 28, 2015 Source:SMM

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.


Key Words:  nickel prices