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Nickel price trend on January 20th

  • Monday, January 20, 2020
  • Source:ferro-alloys.com

  • Keywords:nickel,price trend
[Fellow]Nickel price trend on January 20th

[ferro-alloys.com]In December in 2019, the revenue of U.S core retail exceed people’s expectation. Recently, people predicted that the gold price would rise sharply. So, the price of LME nickel rose up. On January 17th, LME nickel was quoted at 13935 USD/T. It was 135 USD/T higher than the price on last trading day. The Spring Festival was coming soon. The trading volume was less in domestic future nickel market. The price of future nickel did not change a lot.Compared with Shanghai future nickel 2002 contract, the premium of Russian nickel was from 100 to 200 RMB/T, and the premium of Jinchuan nickel was 4800-5000 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 112000 RMB/T. It was 200 lower than the price on last trading day. 

On the eve of Spring Festival, the stainless steel market kept silent. Both the demand and supply sides remained at lower level. So, the ferronickel price was stable.Today,the mainstream of high grade ferronickel was 960-970 RMB/Nickel point, and the price of low grade ferronickel was 3300-3450 RMB/T.

  • [Editor:王可]

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