Electrolytic nickel market weekly comment(Feb 18th- Feb 22nd) LME nickel price went up in general, and the electrolytic nickel price lifted up largely

  • Friday, February 22, 2019
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(Feb 18th- Feb 22nd) LME nickel price went up in general, and the electrolytic nickel price lifted up largely

[ferro-alloys.com]A new round of China-U.S trade negotiation started this week. People were optimistic about its forecast. Meanwhile, U.S FED published its Conference summary in January. Its tone was dovish in general. So, U.S index kept on dropping in most of the week. What’s more, crude oil price was rising this week. So, LME nickel price kept on rising in general in this week.  Yesterday, LME nickel was quoted at 12845 USD/T, and its inventory was 200184 tons. The trading volume was gradually rising in domestic nickel market in this week. Due to rising of LME nickel price, the price of domestic future nickel rose up in general in this week. In the morning, Jinchuan quoted its electrolytic nickel at 101600 RMB/T.The barrelled small piece electrolytic nickel was quoted at 102800 RMB/T. They were both the same as the prices yesterday. The price of Jinchuan nickel was 102000-102250 RMB/T, and Russian nickel was quoted at 101700-101900 RMB/T.

·LME nickel price and its inventory detail:

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2019-2-15

12415

200562

2019-2-18

12465

200322

2019-2-19

12665

200568

2019-2-20

12910

200322

     2019-2-21              

                           12845                          200184   

 

  • [Editor:王可]

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