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Shanghai Metals Market reported that after falling to 102,500 to 102,700 renminbi per metric ton (MT) this morning, Jinchuan nickel prices later rose to 102,800 renminbi per MT.
Shanghai Metals Market reported that after falling to 102,500 to 102,700 renminbi per metric ton (MT) this morning, Jinchuan nickel prices later rose to 102,800 renminbi per MT.
As quoted in the market news:
In Shanghai, Jinchuan nickel prices fell to RMB 102,500-102,700/mt in the morning session, while Russian nickel prices were between RMB 101,500-101,700/mt. As LME nickel prices rebounded briefly in the afternoon, Jinchuan nickel prices climbed to RMB 102,800/mt, with Russian nickel prices around RMB 101,800/mt. Downstream buyers replenished goods at lower prices upon the reopening of the market, with transactions muted.
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