|Shanghai Spot Metal Quote (SHMET)||More|
|Jul 02 2010|
|Copper||52200-52550||0||b 150/b 250|
|Aluminum||14510-14550||+50||c 20/b 20|
|1#Zinc||14550-14650||+100||c 195/c 95|
|0#Zinc||14600-14700||+100||c 145/c 45|
China’s spot nickel is quoted between RMB 151500 and 152500 per tonne, dropping RMB 1500. Fueled by hiking LME Nickel, the volumes of Jinchuan nickel were higher than yesterday’s in the AM session. Early Jinchuan products were quoted at RMB 152500 per tonne, quoting at RMB 153000 per tonne later. Russia nickel was quoted at RMB 151500 per tonne with moderate transaction.
“ The transaction of Jinchuan nickel showed more active. We sold 20 tonnages at RMB 152500 per tonne early, while 10 tonnages cargoes were completed at RMB 153000 per tonne. Russia nickel was quoted at RMB 151500 per tonne, but no large volumes were emerging. ” A trader said to SHMET.
“ We get less enquires about Russia nickel in AM session. Jinchuan nickel was completed at RMB 153000 per tonne. We didn’t sell cargoes at RMB 152500 per tonne. We sold more than 10 tonnages with smooth transaction. ” Another trader said to SHMET.
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