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Electrolytic nickel market weekly comment(June 29th-July 3rd) LME nickel price went up in general, so did the electrolytic nickel price

  • Friday, July 3, 2020
  • Source:ferro-alloys.com

  • Keywords:LME nickel,electrolytic nickel
[Fellow]Electrolytic nickel market weekly comment(June 29th-July 3rd) LME nickel price went up in general, so did the electrolytic nickel price

[ferro-alloys.com]There was no good news about nickel market in this week. The index of U.S dollar was in lower level due to downturn of U.S economy. So, LME nickel price kept on rising all the time. By the end of trading, LME nickel was quoted at 12920 USD/T. Its inventory reached 234312 tons. The demand for nickel increased, the goods supply was relatively insufficient. So, the electrolytic nickel price rose up in this week. In the morning, Jinchuan quoted its electrolytic nickel at 105000 RMB/T. The barrelled small piece electrolytic nickel was quoted at 106200 RMB/T. The price of Jinchuan nickel was 104800-105400 RMB/T, and Russian nickel was quoted at 103600-104200 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-6-26

12665

233970

2020-6-29

12770

233658

2020-6-30

12805

233898

2020-7-1

12850

233526

2020-7-2

12920

234312

 
  • [Editor:王可]

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