SHANGHAI, Sept. 29 (SMM) – With nickel futures price falling, premiums of Jinchuan nickel over Wuxi’s 1710 nickel were around 1,300-1,400 yuan per tonne, and 200-300 yuan per tonne for Russian nickel over the same contract.
On Friday, Jinchuan Group raised its ex-works price by 1,000 yuan per tonne.
On the last trading day before the 2017 Chinese National Day holiday, trading in China’s domestic nickel market was light, and with limited transactions heard. Some traders cut prices to boost sales.
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