Benchmarking Analysis of the Development Direction of MHP and Nickel Matte

Benchmarking Analysis Of the Development  Direction Of MHP And Nickel Matte

Technical Due Diligence Survey of Nickel Product Unit

Technical Due Diligence Survey Of Nickel Product Unit

Long-term Price Forecast of Nickel Industry

Long-term Price Forecast Of Nickel Industry

Feasibility Study of Nickel Industry Investment

Feasibility Study Of Nickel Industry Investment

Indonesia Ni Industry Analysis 

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Jinchuan Group Cuts Ex-works Nickel Price by USD 3,663/mt

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JINCHUAN, Apr. 29 -- Jinchuan&nbsp; Group&nbsp; Ltd., China's largest&nbsp; nickel&nbsp; producer,&nbsp; cut its ex-works nickel price on April 27th by RMB 25,000/mt&nbsp; (USD 3,662.84/mt) RMB 103,000/mt (USD 15,090.91/mt), according to Jinchuan Group's Web site.
&nbsp;&nbsp;&nbsp; "Nickel&nbsp; contracts&nbsp; on&nbsp; the London Metal Exchange (LME) tumbled over the last week&nbsp; due&nbsp; to weak demand and profit taking. 
&nbsp;&nbsp;&nbsp; Jinchuan Group's price adjustment on April 27 came just as expected to reflect the market," Fan Runze, an industry analyst with Beijing Antaike Information, said.
&nbsp;&nbsp;&nbsp; "LME nickel&nbsp; prices are expected to further slide in the next two months to between&nbsp; USD 10,500/mt and USD 10,800/mt. To stay in line with market prices,&nbsp; Jinchuan&nbsp; Group&nbsp; is expected to further cut its ex-works price to RMB 90,000/mt (USD 13,186.23/mt) in the coming weeks," Fan said.
&nbsp;&nbsp;&nbsp; The three-month&nbsp; LME&nbsp; nickel&nbsp; contract&nbsp; price&nbsp; dropped&nbsp; by&nbsp; more than 10 percent over the week ending April 24 to USD 11,430/mt.
&nbsp;&nbsp;&nbsp; China's&nbsp; stainless&nbsp; steel&nbsp; mills,&nbsp; the country's major nickel consumers, continue&nbsp; to&nbsp; be&nbsp; affected&nbsp; by&nbsp; the downbeat market. Domestic 304-series stainless&nbsp; steel&nbsp; prices on the domestic market fell by RMB 300/mt (USD 43.95/mt) last week, according to China CCM.com statistics.
&nbsp;&nbsp;&nbsp; Jinchuan&nbsp; Group&nbsp; previously&nbsp; hiked&nbsp; its ex-works nickel price four timesfrom April&nbsp; 13th&nbsp; to&nbsp; RMB&nbsp; 128,000/mt (USD 18,753.75/mt) on April 20th, up 40 percent, to mirror the upturn in LME nickel prices.
&nbsp;&nbsp;&nbsp; (Source: INTERFAX-CHINA)

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Jinchuan Group Cuts Ex-works Nickel Price by USD 3,663/mt | Shanghai Non ferrous Metals

Jinchuan Group Cuts Ex-works Nickel Price by USD 3,663/mt

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