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

  • Friday, August 16, 2019
  • Source:ferro-alloys.com

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

[ferro-alloys.com]In this week, it was not clear that whether the nickel ore export would be forbidden in advance. The nickel market was still in shocked condition. Meanwhile, U.S announced that U.S would delay imposing tariff on some Chinese goods. It was good for market. So, LME nickel price rose up largely in general.Yesterday, LME nickel was quoted at 16180 USD/T. Its inventory was 144792 tons. The trading volume was still less in future nickel market. India would impose tariff on exported domestic stainless steel, so the prices of electrolytic nickel and future nickel dropped down in early period. However, the nickel market was in upturn, the price of electrolytic nickel rose up in later period.In the morning, Jinchuan quoted its electrolytic nickel at 127000 RMB/T.The barrelled small piece electrolytic nickel was quoted at 128200 RMB/T. The price of Jinchuan nickel was 126900-127500 RMB/T, and Russian nickel was quoted at 125800-126300 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2019-8-9

15660

144156

2019-8-12

15700

144138

2019-8-13

15750

144138

2019-8-14

15895

144414

2019-8-15

16180

144792

 
  • [Editor:王可]

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