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Nickel price trend on December 23rd

  • Monday, December 23, 2019
  • Source:ferro-alloys.com

  • Keywords:nickel,price trend
[Fellow]Nickel price trend on December 23rd

[ferro-alloys.com]Christmas Holiday was coming soon, all the trade activities were decreased.Both  European Central Bank and U.S FED would maintain the interest rate. By the end of trading, LME nickel was quoted at 14490 USD/T on Friday. It was 155 USD/T lower than the price on last trading day. Today, the trading volume was still less in domestic future nickel market. Due to rising of LME nickel, the price of future nickel went up largely. Compared with Shanghai future nickel 2002 contract, the discount of Russian nickel was from 100 to 200 RMB/T, and the premium of Jinchuan nickel was 1900-2000 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 115500 RMB/T. It was 1500 higher than the price on last Friday. 

The stainless steel market was in upturn. The ferronickel price remained in relatively high level.Today,the mainstream of high grade ferronickel was 1000-1020 RMB/Nickel point, and the price of low grade ferronickel was 3300-3450 RMB/T. 

  • [Editor:王可]

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