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Nickel price trend on December 17th

  • Tuesday, December 17, 2019
  • Source:ferro-alloys.com

  • Keywords:nickel,price trend
[Fellow]Nickel price trend on December 17th

[ferro-alloys.com]The index of U.S dollar stopped dropping. It rose up a little. Due to positive progress on China-U.S trade negotiation, the macroscopic economy is getting better. So, LME nickel price lifted up a little.However, the trading volume was less. By the end of trading, LME nickel was quoted at 14235 USD/T on last Friday. It was 20 USD/T higher than the price on last trading day. The trading volume was less in domestic future nickel market today.Due to rising of LME nickel price, the price of future nickel rose up a little.Compared with Shanghai future nickel 2001 contract, the discount of Russian nickel was from 200 to 300 RMB/T, and the premium of Jinchuan nickel was 2100-2300 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 113000 RMB/T. It was 600 higher the price yesterday. 

The stainless steel market was stable today. Due to rising of nickel market, the ferronickel price rose up.Today,the mainstream of high grade ferronickel was 960-980 RMB/Nickel point, and the price of low grade ferronickel was 3300-3450 RMB/T. 

  • [Editor:王可]

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