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Electrolytic nickel market weekly comment(October 12th-October 16th) LME nickel price rose up in general, the electrolytic nickel price went up largely

  • Friday, October 16, 2020
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(October 12th-October 16th) LME nickel price rose up in general, the electrolytic nickel price went up largely

[ferro-alloys.com]Due to strike in Indonesia, nickel ore market was in upturn, so was the global nickel market. Besides, U.S economic stimulation plan did not carry out. So, the index of U.S dollar was not stable. In general, LME nickel price rose up in this week. By the end of trading, LME nickel was quoted at 15400 USD/T. Its inventory reached 237306 tons. LME nickel market was in upturn, and Jinchuan’s output decreased due to accident. So, the electrolytic nickel price went up in domestic market In the morning, Jinchuan quoted its electrolytic nickel at 120600 RMB/T. The barrelled small piece electrolytic nickel was quoted at 121800 RMB/T. The price of Jinchuan nickel was 120500-121000 RMB/T, and Russian nickel was quoted at 118300-118700 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-10-9

15175

236070

2020-10-12

15200

235902

2020-10-13

15040

236934

2020-10-14

15520

237156

2020-10-15

15400

237306

 
  • [Editor:王可]

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