Electrolytic nickel market weekly comment(July 16th - July 20th ) LME nickel price went down continually, the electrolytic nickel prices declined largely

  • Friday, July 20, 2018
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, market
[Fellow]Electrolytic nickel market weekly comment(July 16th - July 20th ) LME nickel price went down continually, the electrolytic nickel prices declined largely

[ferro-alloys.com]The influence by trade war between China and U.S continued this week. The traders were worried that the trade war scale may be expanded, so the LME nickel price went down in general and its inventory decreased continually. Yesterday, the LME nickel was quoted at 13405 USD/T by the end of trading, and its inventory was 261108 tons.The LME nickel price went down this week, and the Chinese economic index was not as good as people expected. So, the electrolytic nickel price went down largely, even the price of Jinchuan nickel was lower than 110000RMB/T, and so was the Russian nickel price. Today, Jinchuan quoted its electrolytic nickel at 110000RMB/T. It was 500 lower than the price on Thursday. The barrelled small piece electrolytic nickel was quoted at 111200RMB/T. The price of Jinchuan nickel was 109400-109600RMB/T, and the Russian nickel was quoted at 108500-108650RMB/T.

The LME nickel price and inventory detail

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2018-07-13

13970

263646

2018-07-16

13630

263520

2018-07-17

13545

263298

2018-07-18

13665

262416

2018-07-19

13405

261108

 
  • [Editor:王可]

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