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Electrolytic nickel market weekly comment(September 28th-September 30th) LME nickel price rose up in general, the electrolytic nickel price was not stable

  • Wednesday, September 30, 2020
  • Source:ferro-alloys.com

  • Keywords:price, went up
[Fellow]Electrolytic nickel market weekly comment(September 28th-September 30th) LME nickel price rose up in general, the electrolytic nickel price was not stable

[ferro-alloys.com]In this week, the index of U.S dollar went down. Global macroeconomy was in good condition. So, LME nickel price rose up in general in this week. By the end of trading, LME nickel was quoted at 14455 USD/T. Its inventory reached 236400 tons. Due to upturn of LME nickel price trend, the electrolytic nickel price went up in domestic market at first. However, the National Day Holiday was coming soon, the demand from downstream industry was insufficient. So, the electrolytic nickel price dropped down today. In general, the electrolytic nickel was not stable today. In the morning, Jinchuan quoted its electrolytic nickel at 114000 RMB/T. The barrelled small piece electrolytic nickel was quoted at 11500 RMB/T. The price of Jinchuan nickel was 115300-115500 RMB/T, and Russian nickel was quoted at 112300-112500 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-9-25

14400

236952

2020-9-28

14520

235950

2020-9-29

14455

236400

 
  • [Editor:王可]

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