Electrolytic nickel market weekly comment(September 14th-September 18th) LME nickel price went up and down, so did the electrolytic nickel price

  • Friday, September 18, 2020
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(September 14th-September 18th) LME nickel price went up and down, so did the electrolytic nickel price

[ferro-alloys.com]In early period of this week, the index of U.S dollar was in lower level. Relatively, LME nickel price went up. In later period, FED decided to remain its benchmark interest rate at nearly zero. So, the index of U.S dollar went up. LME nickel price dropped down. In general, LME nickel price was not stable. By the end of trading, LME nickel was quoted at 15100 USD/T. Its inventory reached 236988 tons. Due to LME nickel price trend, the price of domestic electrolytic nickel was steady, too. In the morning, Jinchuan quoted its electrolytic nickel at 118300 RMB/T. The barrelled small piece electrolytic nickel was quoted at 119500 RMB/T. The price of Jinchuan nickel was 118000-118300 RMB/T, and Russian nickel was quoted at 116100-116400 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-9-11

15110

237138

2020-9-14

15265

237000

2020-9-15

15240

237180

2020-9-16

15215

237276

2020-9-17

15100

236988

 
  • [Editor:王可]

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