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Nickel prices to face downside pressure due to weakening demand - industry insiders.
China Business News
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May 26, 2008
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Nickel prices to face downside pressure due to weakening demand - industry insiders
By Li Chunlan and Ida Chen Shanghai. May 26. INTERFAX-CHINA - Decreasing nickel demand from stainless steel mils have raised market speculation that domestic nickel prices will continue to slide, industry insiders told Interfax last Friday.
Gansu Jinchuan Group, China's largest nickel and cobalt producer, cut its price for 1# refined nickel (nickel grade above 99.99 percent) by RMB 10,000 ($1,440.94) per ton to RMB 208,000 ($29,971.63) per ton on May 21.
Jinchuan ...
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