Jinchuan Group Cuts Nickel Price For Fourth Time This Month

Jinchuan Group Ltd, China’s largest nickel producer has adjusted downwards its ex-work price of nickel on Wednesday to RMB192, 000/mt from RMB208, 000/mt, the fourth such price decrease in May. This latest cut was largely unexpected and observers will be taking an interest in the stainless steel market, which is expected to be affected by the falling nickel price.