Electrolytic Nickle Market comment(from Feb 26th to March 7th): LME Nickle price varied everyday, and so did the spot price.

  • Wednesday, March 7, 2018
  • Source:ferro-alloys.com

  • Keywords:Nickle, price, varied
[Fellow]Electrolytic Nickle Market comment(from Feb 26th to March 7th): LME Nickle price varied everyday, and so did the spot price.

[ferro-alloys.com]Recently, LME Nickle price varied everyday. Last week, following the FED chairman Powell’s speech in Congress, the US dollor rose. Correspondingly, LME Nickle went down on the mid-late days of the week. On Monday, U.S President Trump announced that U.S would impose 25% tariff to the import steel,and 10% tariff to aluminum in order to protect American Industry. This made the LME Nickle price shocked. Yesterday, the LME Nickle price was 13640 USD/T, LME Nickle inventory was 332094. The spot price shocked following the LME Nickle price during the last few days. Today, Jinchuan rose the factory price of Electrolytic Nickle by 400 RMB/T. the price was 102000 RMB/T. The barrelled small piece Nickle one was 103200 RMB/T. The price of Jinchuan Nickle varied from 102100-102300 RMB/T, and the Russian Nickle varied from 101800-102000 RMB/T

The LME prices and inventory are listed as follows:

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2018-02-26

13735

336264

2018-02-27

13935

335994

2018-02-28

13840

335586

2018-03-01

13745

335280

2018-03-02

13395

335508

2018-03-05

13485

334116

2018-03-06

13400

333648

2018-03-07

13640

332094

  • [Editor:王可]

Tell Us What You Think

please login!   login   register
  • Buy & Sell

 
Please be logged in to comment!