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Electrolytic nickel market weekly comment(April 7th-April 10th) LME nickel price rose up largely in general, so did the price of electrolytic nickel

  • Friday, April 10, 2020
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(April 7th-April 10th) LME nickel price rose up largely in general, so did the price of electrolytic nickel

[ferro-alloys.com]In this week, the conditions of COVID-19 epidemic were becoming better in some areas. People felt more positive in the market. In this week, Philippine had suspended nickel ore export. So, the supply of nickel ore was insuffcient. LME nickel price rose up largely in this week. Yesterday, LME nickel was quoted at 11700 USD/T. Its inventory was 229062 tons. The trading volume was less in domestic market of nickel future this week. Meanwhile, LME nickel price went up further. So, the electrolytic nickel price went up largely. In the morning, Jinchuan quoted its electrolytic nickel at 98800 RMB/T. The barrelled small piece electrolytic nickel was quoted at 100000 RMB/T. The price of Jinchuan nickel was 98500-99000 RMB/T, and Russian nickel was quoted at 97100-97500 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-4-3

11200

228768

2020-4-6

11280

228606

2020-4-7

11430

228606

2020-4-8

11510

229062

2020-4-9

11700

229062

 
  • [Editor:王可]

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