[Cu] SMM Summary - 2009/7/27 Spot Copper Market

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.
&nbsp;&nbsp;&nbsp; &quot;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&quot;, a market insider said.
&nbsp;&nbsp;&nbsp; (Edited by CBI China) 
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