High Price Keeps Buyers Away in China Nickel Market

Published: Aug 21, 2017 14:18

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On Monday, nickel price kept hovering at highs, and premiums of Jinchuan nickel were lowered further to 400-600 yuan per tonne, and Russian nickel was offered at premiums of 0-100 yuan per tonne.

SHANGHAI, Aug. 21 (SMM) – On Monday, nickel price kept hovering at highs, and premiums of Jinchuan nickel were lowered further to 400-600 yuan per tonne, and Russian nickel was offered at premiums of 0-100 yuan per tonne, according to SMM.

China Sees Big Decline in Nickel Ore Inventories after Transportation Ban, SMM Reports

Some domestic stainless steel mills made small purchases, a sign of strong wait-and-see attitude in purchases at highs, SMM survey finds. Deals were mainly made at 89,300-90,000 yuan per tonne in the morning business.

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nickel price Jinchuan nickel Russian nickel

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