Nickel price trend on October 9th

  • Wednesday, October 09, 2019

  • Keywords:nickel,price trend
[Fellow]Nickel price trend on October 9th

[]U.S FED announced to purchase more dollar bond.It’s hard for Britain and Europe Union to make a Brexit deal. Both British Pound index and U.S dollar index dropped down. So, LME nickel price dropped down largely yesterday. It was quoted at 17450 USD/T by the end of trading. It was 260 USD/T lower than the price on last trading day. Today, the domestic future nickel market was in upturn, but the trading volume was less. Compared with Shanghai future nickel 1911 contract, the premium of Russian nickel was 0-100 RMB/T, and the premium of Jinchuan nickel was 200-300 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 137200 RMB/T, it was 700 RMB/T higher than the price yesterday.

The stainless steel market was in upturn. The prices of some products rose up. The ferronickel was in high level. The high grade ferronickel was quoted at 1210-1250 RMB/Nickel.The low grade ferronickel was 3250-3300 RMB/T.

  • [Editor:王可]

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