SMM Nickel Market Daily Review (2015-9-29)-Shanghai Metals Market

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SMM Nickel Market Daily Review (2015-9-29)

Price Review & Forecast 09:49:34AM Sep 30, 2015 Source:SMM

SHANGHAI, Sept. 30 (SMM) – SMM #1 nickel prices were between RMB 74,400-75,400/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 75,100-75,200/mt. Discounts of Russian nickel were RMB 200/mt, with traded prices between RMB 74,700-74,900/mt. Downstream buyers had completed stockpiling, leaving overall trading quiet. A large number of traders left the market in the afternoon, leading to tight supply. Trading among traders grew, with traded prices between RMB 74,700-75,200/mt. Jinchuan lowered prices by RMB 1,100/mt to RMB 75,200/mt.


Key Words:  LME nickel prices 

SMM Nickel Market Daily Review (2015-9-29)

Price Review & Forecast 09:49:34AM Sep 30, 2015 Source:SMM

SHANGHAI, Sept. 30 (SMM) – SMM #1 nickel prices were between RMB 74,400-75,400/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 75,100-75,200/mt. Discounts of Russian nickel were RMB 200/mt, with traded prices between RMB 74,700-74,900/mt. Downstream buyers had completed stockpiling, leaving overall trading quiet. A large number of traders left the market in the afternoon, leading to tight supply. Trading among traders grew, with traded prices between RMB 74,700-75,200/mt. Jinchuan lowered prices by RMB 1,100/mt to RMB 75,200/mt.


Key Words:  LME nickel prices