China’s nickel, stainless steel prices spike after LME jump

Sep 17, 2012 | 12:58 PM |

Tags  Chinese prices, stainless steel prices, nickel prices, Taigang 304 cold-rolled coil, Jinchuan Group, Changjiang Nonferrous Metals Market

SHANGHAI, China — China’s spot nickel and stainless steel prices spiked Monday, tracking a rebound in London Metal Exchange nickel prices on Friday.

Jichang-based Jinchuan Group Co. Ltd., China’s largest nickel producer, raised nickel prices again Monday after hiking tags three times last week. Its benchmark price was fixed at 124,000 yuan ($19,595) per tonne, up 2,000 yuan ($316) from 122,000 yuan per tonne Friday. ....





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