SMM

SHANGHAI, May 10 (SMM) - Nickel prices continued to fluctuate yesterday, and the spot transactions were average. On the supply side, some NPI factories have stopped quoting due to better orders, and traders generally raised their quotations. As a result, the occasional fall in nickel prices had little impact on market sentiment. On the demand side, the spot stainless steel transactions slightly cooled down during the day. And the spot quotes of actual trades might fall further. SMM believes that the SHFE nickel will remain rangebound.