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Electrolytic nickel market weekly comment(Feb 17th- Feb 21st) LME nickel price dropped down in general, so did the price of electrolytic nickel

  • Friday, February 21, 2020
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(Feb 17th- Feb 21st) LME nickel price dropped down in general, so did the price of electrolytic nickel

[ferro-alloys.com]In this week, the index of U.S dollar kept on rising. It used to reached 100 points. So, the price of nonferrous metal dropped down. So did LME nickel price. Yesterday, LME nickel was quoted at 12740 USD/T. Its inventory was 224766 tons. The trading volume increased in domestic market of future nickel this week. However, the supply of future nickel was sufficient, and the price of LME nickel went down. So, the price of electrolytic nickel dropped down. In the morning, Jinchuan quoted its electrolytic nickel at 103000 RMB/T. The barrelled small piece electrolytic nickel was quoted at 104200 RMB/T. The price of Jinchuan nickel was 103500-104100 RMB/T, and Russian nickel was quoted at 102900-103300 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-2-14

13050

212094

2020-2-17

13155

215802

2020-2-18

12855

218214

2020-2-19

12850

220926

2020-2-20

12740

224766

 
  • [Editor:王可]

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