Jinchuan Group Cuts Benchmark Nickel Price

MetalBulletin reported that Jinchuan Group, China’s largest nickel producer, has cut its benchmark nickel price to 102,000 yuan ($16,563) per metric ton following a decline in London Metal Exchange prices.

As quoted in the market news:

The benchmark price from the producer stood at 102,000 yuan ($16,563) per tonne on Tuesday, down 4,500 yuan from the level on June 4 when Jinchuan made its last price increase.

Click here to read the full MetalBulletin report.