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Electrolytic nickel market weekly comment(October 19th-October 23rd) LME nickel price rose up in general, the electrolytic nickel price was not steady

  • Friday, October 23, 2020
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(October 19th-October 23rd) LME nickel price rose up in general, the electrolytic nickel price was not steady

[ferro-alloys.com]The rainy season was coming soon, the nickel ore supply might be affected. Meanwhile, U.S economic stimulation plan progress affected U.S dollar index. In general, LME nickel price went up. By the end of trading, LME nickel was quoted at 15795 USD/T. Its inventory reached 237360 tons. The demand from downstream industry was insufficient, and LME nickel market was not stable. So, the electrolytic nickel market went up and down. In the morning, Jinchuan quoted its electrolytic nickel at 121500 RMB/T. The barrelled small piece electrolytic nickel was quoted at 122700 RMB/T. The price of Jinchuan nickel was 121600-121800 RMB/T, and Russian nickel was quoted at 119300-119600 RMB/T.

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-10-16

15685

236070

2020-10-19

15650

237342

2020-10-20

16050

236832

2020-10-21

15910

237366

2020-10-22

15795

237360

 
  • [Editor:王可]

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