Rally drives China nickel pig iron prices past refined metal

Sep 12, 2013 | 12:40 PM |

Tags  China nickel, nickel pig iron, refined nickel, Taigang Stainless Steel, Jiuquan Iron & Steel, Tsingshan Holding Group, stainless mills

SHANGHAI — Chinese nickel pig iron prices overtook refined nickel prices thanks to an August rally in which stainless steel mills increased purchases.

Mainstream high-grade nickel with a metal content of 10 to 15 percent is trading at 1,010 to 1,020 yuan ($164 to $166) per nickel unit, up nearly 10 percent from early August, sources in China said.....

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