Nickel price trend on October 14th

  • Wednesday, October 14, 2020

  • Keywords:nickel,price trend
[Fellow]Nickel price trend on October 14th

[]American new-round economic stimulation plan might be started. So, the index of U.S dollar went up. Relatively, LME nickel price went down. By the end of trading, LME nickel was quoted at 15040 USD/T. It rose up by 160 USD/T. Due to LME nickel market, the future nickel price went down in domestic market. Compared with Shanghai future nickel 2011 contract, the discount of Russian nickel was 150-250 RMB/T, and the premium of Jinchuan nickel was 2000-2100 RMB/T. Jinchuan quoted its electrolytic nickel at 117800 RMB/T. It was 600 USD/T lower than the price on last trading day.

The stainless-steel market was stable, so was the ferronickel market. In Jiangsu, Shandong Provinces, the high-grade ferronickel price reached 1180 RMB/T at most. In Inner Mongolia and Liaoning Province, the price was 1165-1175 RMB/Nickel. The low-grade ferronickel price remained at 3300-3450 RMB/T.


  • [Editor:王可]

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