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Jinchuan Lifts Nickel Price by 3%
SHANGHAI, July 27 -- Jinchuan Group, which has suspended a flash furnace for maintenance, has raised its nickel benchmark price by 3.2% after strong LME nickel gains. The new list price for nickel is 128,000 yuan ($18,740) per tonne, up 4,000 yuan from the previous offer, said Jinchuan, China's largest nickel producer.
"Jinchuan's price movement is mainly caused by a rally in LME nickel prices, which surged to a new high this year on Friday on global eonomic recovery", a market insider said.
(Edited by CBI China)
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