Nickel price trend on December 12th

  • Thursday, December 12, 2019
  • Source:ferro-alloys.com

  • Keywords:nickel,price trend
[Fellow]Nickel price trend on December 12th

[ferro-alloys.com]Recently, FED thought that it had better maintain the current interest rate in the future. The index of U.S dollar went down. Relatively, the price of LME nickel rose up. By the end of trading, LME nickel was quoted at 13315 USD/T. It was 95 USD/T higher than the price on Monday.Today, the supply of future nickel increased. Due to rising of LME nickel price, the price of future nickel went up. The demand for future nickel decreased. Compared with Shanghai future nickel 2001 contract, the premium of Russian nickel was from -100 to 100 RMB/T, and the premium of Jinchuan nickel was 3000-3500 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 113500 RMB/T. It was 2300 higher the price yesterday. 

Due to rising of LME nickel price, the stainless steel was in upturn. The ferronickel price did not go down. It was stable today.Today,the mainstream of high grade ferronickel was 940-960 RMB/Nickel point, and the price of low grade ferronickel was 3300-3450 RMB/T. 

  • [Editor:王可]

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