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[Ni] Review of Nickel Market in North China on June 4th

iconJun 4, 2009 00:00

SHANGHAI, June 4 (CBI China) -- Today, prices were RMB 108,000-109,000/mt for Russian nickel and RMB 113,000/mt for Jinchuan nickel in nickel market in north China.

    Prices were RMB 108,500-109,000/mt for Russian nickel, RMB 112,000-113,500/mt for Jichuan nickel and RMB 109,000/mt for Xinjiang nickel in northeast area.

    The overall supply was ample in north China markets.

    LME nickel price reported significant declines, and today the market price of Jinchuan nickel has fallen to below its ex-works price. The wait-and-see attitude dominated the purchasers in north China, leading to worse transactions in nickel market. Select traders said they made no deals today.

 

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