China’s nickel, stainless steel prices spike after LME jump
Sep 17, 2012 | 12:58 PM
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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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