Electrolytic nickel market weekly comment(Nov 4th- Nov 8th) LME nickel price dropped down in general, so did the electrolytic nickel price

  • Friday, November 08, 2019
  • Source:ferro-alloys.com

  • Keywords:LME nickel,electrolytic nickel
[Fellow]Electrolytic nickel market weekly comment(Nov 4th- Nov 8th) LME nickel price dropped down in general, so did the electrolytic nickel price

[ferro-alloys.com]In early period of this week, FED almost announced to suspend decreasing interest rate in their policy summit. The index of U.S dollar went up in early period of this week. Besides, Indonesian had approved some firms to resume their nickel ore export. It was good for nickel market. So, LME nickel price kept on dropping this week.In general, LME nickel price went down.Yesterday, LME nickel was quoted at 16215 USD/T. Its inventory was 66474 tons. The trading volume was less in domestic nickel market this week, and the supply was also insufficient. The electrolytic nickel price was not steady in this week. In general, the price went down.In the morning, Jinchuan quoted its electrolytic nickel at 135000 RMB/T.The barrelled small piece electrolytic nickel was quoted at 136200 RMB/T. The price of Jinchuan nickel was 135000-135300 RMB/T, and Russian nickel was quoted at 133500-133700 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2019-11-1

16770

66306

2019-11-4

16325

69180

2019-11-5

16290

69474

2019-11-6

16230

66588

2019-11-7

16215

66474

 

 

  • [Editor:王可]

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