Electrolytic nickel market weekly comment(September 2nd- September 6th) LME nickel price was in high level in general, the electrolytic nickel price went up in general

  • Friday, September 6, 2019
  • Source:ferro-alloys.com

  • Keywords:LME, electrolytic nickel
[Fellow]Electrolytic nickel market weekly comment(September 2nd- September 6th) LME nickel price was in high level in general, the electrolytic nickel price went up in general

[ferro-alloys.com]In this week, Indonesia Government confirmed that its nickel ore export will be forbidden since next year.So, nickel market lifted up largely. In late period of this week, both China and U.S agreed to make a new round trade negotiation in October. British Parliament passed a resolution to prevent no-deal Brexit. So, the index of U.S dollar went down and LME nickel price went down a little. In general, LME nickel price went up in general. Yesterday, LME nickel was quoted at 17495 USD/T. Its inventory was 153822 tons. The trading volume increased a lot in future nickel market.Due to upturn of LME nickel,the price of electrolytic nickel went up largely in this week.In the morning, Jinchuan quoted its electrolytic nickel at 141800 RMB/T.The barrelled small piece electrolytic nickel was quoted at 143000 RMB/T. The price of Jinchuan nickel was 141500-141900 RMB/T, and Russian nickel was quoted at 141100-141500 RMB/T.

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2019-8-30

17905

152484

2019-9-2

17960

152604

2019-9-3

17900

153012

2019-9-4

18090

153522

2019-9-5

17495

153822

 
  • [Editor:王可]

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