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High Price Keeps Buyers Away in China Nickel Market
Aug 21,2017 14:18CST
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Source: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.

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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