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Nickel price trend on December 3rd

  • Tuesday, December 3, 2019
  • Source:ferro-alloys.com

  • Keywords:nickel,price trend
[Fellow]Nickel price trend on December 3rd

[ferro-alloys.com]U.S manufacture industry was not as good as people’s expectation. U.S President Trump once again criticized the high interest rate of U.S dollar. The index of U.S dollar went down a little. Due to fall of index of U.S dollar, LME nickel price rose up a little.By the end of trading, LME nickel was quoted at 13705 USD/T.It was 40 USD/T higher than the price on last Friday. People were positive in domestic future nickel market today.The trading volume of Russian nickel was higher than the volume of Jinchuan nickel. Due to rise of LME nickel price, the price of Russian nickel went up, but the price of Jinchuan nickel kept on dropping. Compared with Shanghai future nickel 2001 contract, the discount of Russian nickel was 1500 RMB/T, and the premium of Jinchuan nickel was 4500-4800 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 113000 RMB/T. It was the same as the price yesterday.

The stainless steel market was relatively steady today. The ferronickel market remained in this level. Today, the mainstream price of high grade ferronickel was 1010-1040 RMB/Nickel. The low grade ferronickel was quoted at 3300-3450 RMB/T.

 

  • [Editor:王可]

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