Electrolytic nickel market weekly comment(Oct 29th- Nov 2nd) LME nickel price dropped down in general, the electrolytic nickel price fell down in general

  • Friday, November 2, 2018
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(Oct 29th- Nov 2nd) LME nickel price dropped down in general, the electrolytic nickel price fell down in general

[ferro-alloys.com]In most of this week, U.S economy index was in good condition. U.S dollar kept strong. The economy in Euro zone was not well, and the currency was weak. So, LME nickel price dropped in most of the time. Yesterday, Chinese president Xi Jinping telephoned to U.S president Trump. Two parties made breakthrough in Brexit negotiation. Chinese Yuan and British Pound went up. Relatively, U.S dollar went down. It made LME nickel price rose up yesterday. In general, LME nickel price dropped down this week.   Yesterday, LME nickel was quoted at 11830 USD/T, and its inventory was 218868 tons.Influenced by fall of LME nickel price, the price of electrolytic nickel dropped down in general in this week.In the morning, Jinchuan quoted its electrolytic nickel (big board) at 106500 RMB/T. It was 1500 RMB/T higher than the price yesterday. The barrelled small piece electrolytic nickel was quoted at 107700 RMB/T. The price of Jinchuan nickel was 106800-107000 RMB/T, and Russian nickel was quoted at 98800-99000 RMB/T.

·LME nickel price and its inventory detail:

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2018-10-26

11880

219456

2018-10-29

11740

219114

2018-10-30

11765

218970

2018-10-31

11540

218862

2018-11-1

11830

218868

 
  • [Editor:王可]

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