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Print[ferro-alloys.com]In this week, the trade tension between China and U.S continued, and U.S stock index went down in most of this week. Meanwhile, the political tension in Middle East made oil price risen up in this week. These affected LME nickel price trend. The LME nickel price went up and down. Yesterday, LME nickel was quoted at 11890 USD/T, and its inventory was 165036 tons. The demand for electrolytic nickel was insufficient by downstream industry. Only few deals has been made. The price fell down in general.In the morning, Jinchuan quoted its electrolytic nickel at 98000 RMB/T.The barrelled small piece electrolytic nickel was quoted at 99200 RMB/T. They were both the same as the prices yesterday. The price of Jinchuan nickel was 97950-98150 RMB/T, and Russian nickel was quoted at 96950-97100 RMB/T.
·LME nickel price and its inventory detail:
|
London Metal Exchange (LME) |
||
|
Date |
Closing Price(USD/T) |
Opening Stock(T) |
|
2019-5-17 |
12000 |
164400 |
|
2019-5-20 |
11985 |
164100 |
|
2019-5-21 |
12090 |
164532 |
|
2019-5-22 |
11970 |
165132 |
|
2019-5-23 |
11890 |
165036 |
- [Editor:王可]
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