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Electrolytic nickel market weekly comment(December 7th-December 11th) LME nickel price rose up largely, so did the electrolytic nickel price

  • Friday, December 11, 2020
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(December 7th-December 11th) LME nickel price rose up largely, so did the electrolytic nickel price

[ferro-alloys.com]In this week, several kinds of Covid-19 vaccines had been put into use. Besides, people predicted that Europe and U.S would stimulate market by loosening currency policy. These good news made LME nickel price risen up largely. By the end of trading, LME nickel was quoted at 17400 USD/T. The inventory was 243426 tons. Nickel market was in upturn So, the electrolytic nickel price rose up largely in this week. In the morning, Jinchuan quoted its electrolytic nickel at 130000 RMB/T. The barrelled small piece electrolytic nickel was quoted at 131200 RMB/T. The price of Jinchuan nickel was 130500-131500 RMB/T, and Russian nickel was quoted at 128500-129500 RMB/T.

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-12-4

16345

242562

2020-12-7

16335

243408

2020-12-8

16370

243564

2020-12-9

16685

243498

2020-12-10

17400

243426

 
  • [Editor:王可]

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