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Electrolytic nickel market weekly comment(July 23rd - July 27th ) LME nickel price rose up in general, the electrolytic nickel prices went up continually

  • Friday, July 27, 2018
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(July 23rd - July 27th ) LME nickel price rose up in general, the electrolytic nickel prices went up continually

[ferro-alloys.com]Affected by the Trump’s critical speech and rising of Euro due to the good economic performance of Germany, the price of U.S dollor went down. What’s more, U.S and Europe Union reached an intention about zero trade tariff. These factor encouraged the market, and the LME nickel rose up. Yesterday, the LME nickel was quoted at 13780 USD/T by the end of trading, and its inventory was 259332 tons. The LME nickel price went up, the executive meeting of the State Council announced the currency loosing policy this week. These encouraged electrolytic nickel market, and the prices went up continually. Today, Jinchuan quoted its electrolytic nickel at 113000RMB/T. It was 1000 lower than the price on Thursday. The barrelled small piece electrolytic nickel was quoted at 114200RMB/T. The price of Jinchuan nickel was 112800-112950RMB/T, and the Russian nickel was quoted at 111600-111750RMB/T.

The LME nickel price and inventory detail 
 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2018-07-20

13510

259266

2018-07-23

13375

260718

2018-07-24

13600

260718

2018-07-25

13715

260400

2018-07-26

13780

259332

 

 

  • [Editor:王可]

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