SMM Nickel Market Daily Review (2015-4-1)

SHANGHAI, Apr. 2 (SMM) – SMM #1 nickel prices were between RMB 95,000-97,000/mt. Despite slumping LME nickel prices overnight, spot nickel prices in Shanghai remained firm. Jinchuan Group left nickel prices unchanged, with trading brisk and traded prices between RMB 95,000-96,500/mt. Spot nickel prices remained stable in the afternoon. Traders sold imported nickel actively whilst holding back Jinchuan nickel, with traded prices between RMB 95,000-96,300/mt.