Electrolytic nickel market weekly comment(June 3rd- June 6th) LME nickel price went down in general, the electrolytic nickel price kept on dropping

  • Thursday, June 06, 2019
  • Source:ferro-alloys.com

  • Keywords:LME nickel, electrolytic nickel
[Fellow]Electrolytic nickel market weekly comment(June 3rd- June 6th) LME nickel price went down in general, the electrolytic nickel price kept on dropping

[ferro-alloys.com]In this week, trade tension between China and U.S still affected global economy. Especially U.S economy was in weak condition in most of this week. The index of U.S dollar was in lower level. So, LME nickel price went down. Yesterday, LME nickel was quoted at 11715 USD/T, and its inventory was 164052 tons. Due to fall of LME nickel price this week, the electrolytic nickel price kept on dropping. In the morning, Jinchuan quoted its electrolytic nickel at 96400 RMB/T.The barrelled small piece electrolytic nickel was quoted at 97600 RMB/T. They were both the same as the prices yesterday. The price of Jinchuan nickel was 96400-96550 RMB/T, and Russian nickel was quoted at 95400-95500 RMB/T.

·LME nickel price and its inventory detail:

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2019-5-31

11990

158604

2019-6-3

11880

158946

2019-6-4

11800

158916

2019-6-5

11715

164052

 
  • [Editor:王可]

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