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Electrolytic nickle market week comment(Mar 12th - Mar 16th)

  • Friday, March 16, 2018
  • Source:ferro-alloys.com

  • Keywords:Electrolytic nickle
[Fellow]Electrolytic nickle market week comment(Mar 12th - Mar 16th)

[ferro-alloys.com]LME nickle price went up and down this week. On Tuesday, U.S. President Donald Trump fired the Secretary of State Tillerson. It shocked the market and the USD fell down. Relatively, the nickle price rose up. On Thureday, the new Economic Counselor of the White House made a tough speech to rose up the USD. It made people worry about the trade war again, and the nickle price went down.Yesterday, the LME nickle price was 13600USD/T, and the inventory was 325386 tons. Following the shock of LME nickle price, the price of spot goods was unstable. Today, Jinchuan decreased its electrolytic nickle price by 1100RMB/T. The price is 102000RMB/T. The price of barrelled small piece electrolytic nickle is 103200RMB/T. Jinchuan nickle price is between 101850RMB/T and 102100RMB/T. The Russian nickle price is 101550-101700RMB/T.

LME Nickle Price and its inventory detail

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2018-03-09

13820

328998

2018-03-12

13690

326790

2018-03-13

13885

326364

2018-03-14

13785

325434

2018-03-15

13600

325386

  • [Editor:王可]

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