Electrolytic nickel market weekly comment(Dec 2nd- Dec 6th) LME nickel price dropped down in general, so did the electrolytic nickel price

  • Friday, December 06, 2019
  • Source:ferro-alloys.com

  • Keywords:LME nickel,electrolytic nickel
[Fellow]Electrolytic nickel market weekly comment(Dec 2nd- Dec 6th) LME nickel price dropped down in general, so did the electrolytic nickel price

[ferro-alloys.com]The nickel supply was sufficient, but the demand for nickel from downstream industry was insufficient. Global trade tension arose in this week. People were negative with future economy. So, the price of future nickel went down in this week.Yesterday, LME nickel was quoted at 13280 USD/T. Its inventory was 68922 tons. The trader were more positive in domestic future nickel market. Due to fall of LME nickel, the price of electrolytic nickel dropped down in general.In the morning, Jinchuan quoted its electrolytic nickel at 110500 RMB/T.The barrelled small piece electrolytic nickel was quoted at 111700 RMB/T. The price of Jinchuan nickel was 110700-111200 RMB/T, and Russian nickel was quoted at 106900-107200 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2019-11-29

13665

68280

2019-12-2

13705

69036

2019-12-3

13360

68982

2019-12-4

13140

68976

2019-12-5

13280

68922

 
  • [Editor:王可]

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