Week comment of Electrolytic Nickle(Mar 5th to Mar 9th ): LME Nickle price went down, and the spot price declined as follows.

  • Friday, March 9, 2018
  • Source:ferro-alloys.com

  • Keywords:Electrolytic Nickle
[Fellow]Week comment of Electrolytic Nickle(Mar 5th to Mar 9th ): LME Nickle price went down, and the spot price declined as follows.

[ferry-alloys.com] This week, LME Nickle price went down in general. This week, U.S. President Donald Trump signed the order officially that U.S. would impose 30% tariff appointed to the imported steel. It made LME Nickle price declined. Yesterday, the LME price was 13200 USD/T, the inventory of Nickle was 330888 tons. What’s more, the inventory of stainless steel has been on high level this week. These factors made the electrolytic nickle price was low in the last few days. Jinchuan adjusted its electrolytic nickle price. It declined 1700RMB/T today, and the price was 100300RMB/T, the barrelled one was 101500RMB/T. Jinchuan Nickle price was 99900-100100RMB/T, and Russian Nickle price was 99500-99800RMB/T.

 

LME Nickle Price and its inventory detail

 

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2018-03-05

13485

334116

2018-03-06

13400

333648

2018-03-07

13640

332094

2018-03-08

13530

330438

2018-03-09

13200

330888

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  • [Editor:王可]

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