Electrolytic nickel market weekly comment(Nov 5th- Nov 9th) LME nickel price dropped down in general, the electrolytic nickel price fell down in general

  • Tuesday, November 13, 2018
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(Nov 5th- Nov 9th) LME nickel price dropped down in general, the electrolytic nickel price fell down in general

[ferro-alloys.com]Last week, LME nickel price went up and down. In early period, affected by assuasive situation of Sino-U.S trade war, U.S dollar went down, and LME nickel price rose up. Later,the good factor faded away, the market became rational. The result of U.S Mid-term election confirmed people’s prediction.The range of U.S dollar shock exceeded trader’s expection. On Thursday, U.S FED pointed out that they would raise interest rates gradually. So, U.S dollar went up further. Relatively, LME nickel price dropped down. By then end of trading, LME nickel was quoted at 11765 USD/T, and its inventory was 217314 tons. LME nickel price went up and down in last week, so did the electrolytic nickel price. On Friday, Jinchuan didn’t adjust its electrolytic nickel price, it was quoted at 106000 RMB/T.The barrelled small piece electrolytic nickel was quoted at 107200 RMB/T. The price of Jinchuan nickel was 106000-106600 RMB/T, and Russian nickel was quoted at 97300-97400 RMB/T.

·LME nickel price and its inventory detail:

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2018-11-2

11935

218772

2018-11-5

11740

218430

2018-11-6

11795

217686

2018-11-7

11770

217410

2018-11-8

11765

217314

 
  • [Editor:王可]

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