Electrolytic nickel market weekly comment(Jan 13th- Jan 17th) LME nickel price went down, so did the electrolytic nickel price

  • Sunday, January 19, 2020
  • Source:ferro-alloys.com

  • Keywords:LME nickel, electrolytic nickel
[Fellow]Electrolytic nickel market weekly comment(Jan 13th- Jan 17th) LME nickel price went down, so did the electrolytic nickel price

[ferro-alloys.com]In this week, U.S published its non-agricultural employment amount in December in 2019. It did not reach people’s expectation. So, the index of U.S dollar wen down in early period, and the price of LME nickel went up. Later, China and U.S signed phase one trade deal. The financial market did not feel panic. The index of U.S dollar went up. Meanwhile, the inventory of LME nickel increased. So, the price of LME nickel went down later. On January 16th, LME nickel was quoted at 13800 USD/T. Its inventory was 183012 tons. The trade volume of Jinchuan nickel was less in domestic market. Due to trend of LME nickel, the price of electrolytic nickel went down. On January 17th, Jinchuan quoted its electrolytic nickel at 112200 RMB/T.The barrelled small piece electrolytic nickel was quoted at 117200 RMB/T. The price of Jinchuan nickel was 112800-113200 RMB/T, and Russian nickel was quoted at 108000-108400 RMB/T.

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-1-10

14230

171066

2020-1-13

14105

173502

2020-1-14

13890

177600

2020-1-15

14340

178584

2020-1-16

13800

183012

 
  • [Editor:王可]

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