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Electrolytic nickle market weekly comment(May 14th-May 18th)LME nickle price went up in general, the electrolytic nickle price rose up continuously

  • Friday, May 18, 2018
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickle
[Fellow]Electrolytic nickle market weekly comment(May 14th-May 18th)LME nickle price went up in general, the electrolytic nickle price rose up continuously

[ferro-alloys.com]This week, the USD trend went down in general, and the nickle inventory decreased continuously. It made the LME price went up in general. Yesterday, LME nickle price was quoted at 14590USD/T, and its inventory was 306454 tons. Influenced by the rising of LME nickle, declining of domestic inventory and supply-demand relationship, the electrolytic nickle price kept rising this week. Today, Jinchuan rose up its electrolytic nickle factory price by 1500RMB/T. The electrolytic nickle (big board)was quoted at 109000RMB/T, and the barrelled small piece electrolytic nickle price was 110200RMB/T. Jinchuan nickle was quoted at 108700-109400RMB/T, and the Russian nickle price was 108600-109300RMB/T.

 

The LME nickle price and inventory detail

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2018-05-11

14040

311604

2018-05-14

14475

311448

2018-05-15

14475

308478

2018-05-16

14450

307668

2018-05-17

14590

306054

 

 

  • [Editor:王可]

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