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Print[ferro-alloys.com]In this week, the inventory of LME nickel kept on rising. So, the demand for nickel was not large enough. So, the price of LME nickel dropped down in general. Yesterday, LME nickel was quoted at 12380 USD/T. Its inventory was 229860 tons. In this week, the trading volume was not as large as people’s expectation. Although some traders tried to hold their goods for higher price, the price of electrolytic nickel fell down due to fall of LME nickel price. In the morning, Jinchuan quoted its electrolytic nickel at 101000 RMB/T. The barrelled small piece electrolytic nickel was quoted at 102200 RMB/T. The price of Jinchuan nickel was 101100-101700 RMB/T, and Russian nickel was quoted at 99300-99700 RMB/T.
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London Metal Exchange (LME) |
||
|
Date |
Closing Price(USD/T) |
Opening Stock(T) |
|
2020-2-21 |
12570 |
224700 |
|
2020-2-24 |
12460 |
228924 |
|
2020-2-25 |
12525 |
230256 |
|
2020-2-26 |
12490 |
230196 |
|
2020-2-27 |
12380 |
229860 |
- [Editor:王可]
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