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Nickel price trend on December 31st

  • Tuesday, December 31, 2019
  • Source:ferro-alloys.com

  • Keywords:nickel,price trend
[Fellow]Nickel price trend on December 31st

[ferro-alloys.com]By the end of 2019, the shortage of currency circulation had been solved in U.S market. The index of U.S dollar went down. Relatively, LME nickel price rose up. By the end of trading, LME nickel was quoted at 14320 USD/T. It was 90 USD/T higher than the price on last trading day. Jinchuan nickel supply was short, and the demand for Russian nickel was insufficient. So, the price of Jinchuan nickel rose up a little, and the price of Russian nickel dropped down a little. 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 4000-4500 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 114800 RMB/T. It was 600 higher than the price yesterday. 

The stainless steel market was in downturn. So, the ferronickel market went down. Today,the mainstream of high grade ferronickel was 970-1000 RMB/Nickel point, and the price of low grade ferronickel was 3300-3450 RMB/T.  

 

  • [Editor:王可]

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