SMM Nickel Market Daily Review (2015-6-2)

SHANGHAI, Jun. 3 (SMM) – SMM #1 nickel prices were between RMB 95,200-100,100/mt. Jinchuan Group raised ex-works prices slightly. Traders sold at higher prices. When combined with re-import of Jinchuan nickel, Jinchuan nickel supply tightness eased. But downstream buying interest was weak, with traded prices between RMB 95,300-99,300/mt. Premiums of Jinchuan nickel against the most actively traded nickel contracts on the Wuxi electronic trading stayed at RMB 3,700/mt in the afternoon, muting trading. Jinchuan Group raised prices by RMB 1,500/mt to RMB 100,000/mt.