Nickel price trend on December 18th

  • Wednesday, December 18, 2019
  • Source:ferro-alloys.com

  • Keywords:nickel,price trend
[Fellow]Nickel price trend on December 18th

[ferro-alloys.com]U.S Manufacture industry was getting better in November. An official from FED said that the interest rate of U.S dollar would remain the same unless U.S economy forecast faced big change. The index of U.S dollar went up. However, the index of British Pound went down due to risk of hard Brexit. Relatively, the price of LME nickel went down largely. By the end of trading, LME nickel was quoted at 14025 USD/T on last Friday. It was 210 USD/T lower than the price on last trading day. The trading volume was less in domestic future nickel market today.Due to fall of LME nickel price, the price of future nickel rose up a little.Compared with Shanghai future nickel 2001 contract, the discount of Russian nickel was from 200 to 500 RMB/T, and the premium of Jinchuan nickel was 1900-2000 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 112000 RMB/T. It was 1600 lower the price yesterday. 

The ferronickel price kept on rising recently. Some plant purchased goods at 1045 RMB/Nickel.Today,the mainstream of high grade ferronickel was 1000-1020 RMB/Nickel point, and the price of low grade ferronickel was 3300-3450 RMB/T. 

  • [Editor:王可]

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