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SMM Daily Review - 2010/1/7 Nickel Market
SHANGHAI, Jan. 8 (SMM) -- In Shanghai nickel market, Jinchuan Group raised nickel ex-works prices by RMB 2,000/mt to RMB 143,000/mt again, helping raise market offers. Offers for goods from Jinchuan Group were RMB 143,500-144,000/mt, while offers for imported nickel were RMB 143,000/mt. However, LME nickel prices slid following other metals market trends, helping increase cargo-holder sentiment to move goods, but buyers were cautious about purchases and preferred to stand on the sidelines. In general, contradictions between suppliers and buyers became intense due to uncertain market outlook.
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