Jinchuan Nickel to See Premiums Fall, SMM Expects

Published: Aug 11, 2017 13:47

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On Friday, Jinchuan Group cut ex-works price of refined nickel to 87,000 yuan per tonne, down 500 yuan from a day earlier.

SHANGHAI, Aug. 11 (SMM) – On Friday, Jinchuan Group cut ex-works price of refined nickel to 87,000 yuan per tonne, down 500 yuan from a day earlier.

Jinchuan Group turned active in sales as margins increased significantly with nickel futures price rising.

The company started increasing monthly output to 11,500-12,000 tonnes from July, leaving sufficient supply. And premiums of Jinchuan nickel narrowed from 1,600 yuan seen in early week to around 700-800 yuan.

Will Production Increase at China NPI Producers Grow Demand for Philippine Ores? SMM Reports

With nickel futures price hovering at high, premiums of Jinchuan nickel are expected to fall to within 500 yuan per tonne.

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