Electrolytic nickel market weekly comment(October 26th-October 30th) LME nickel price went down in general, the electrolytic nickel price was not steady

LME nickel price trend on October 29th

U.S. imported a total of 1,255,000 net tons (NT) of steel in September 2020.

India’s top steelmakers complained their production for the quarter ended September was affected due to a shortage in availability of iron ore and several steel industry bodies have petitioned the commerce ministry to address the issue.

The 2101 ferrosilicon contract price on ZCE closed at 5782 yuan per ton on October 29.

Nickel price trend on October 29th

LME nickel price trend on October 28th

China exported 209319.675 tons of ferrosilicon (silicon content > 55%), a year-on-year decrease of 27.61%.