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Electrolytic nickel market weekly comment(Mar 30th-April 3rd) LME nickel price was not steady in general, the price of electrolytic nickel was in lower level

Friday, April 3, 2020
Source:ferro-alloys.com

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Keywords:electrolytic nickel, LME nickel

[Fellow]Electrolytic nickel market weekly comment(Mar 30th-April 3rd) LME nickel price was not steady in general, the price of electrolytic nickel was in lower level

[ferro-alloys.com]In this week, COVID-19 was spreading worldwide. People were not confident with global economy. In this week, Indonesia and Philippine had forbidden nickel ore export. So, the supply of nickel ore decreased further. LME nickel price was not steady in this week. Yesterday, LME nickel was quoted at 11300 USD/T. Its inventory was 228768 tons. Due to global future market, the domestic market of future nickel was affected. The electrolytic nickel price went up and down. In the morning, Jinchuan quoted its electrolytic nickel at 94500 RMB/T. The barrelled small piece electrolytic nickel was quoted at 95700 RMB/T. The price of Jinchuan nickel was 94250-94750 RMB/T, and Russian nickel was quoted at 92650-93150 RMB/T.

London Metal Exchange (LME)
Date	Closing Price(USD/T)	Opening Stock(T)
2020-3-27	11420	229488
2020-3-30	11315	230172
2020-3-31	11470	229812
2020-4-1	11260	228768
2020-4-2	11300	228768

[Editor:王可]

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