[ferro-alloys.com]In this week, it was in rainy season in Southeast Asia. The supply of nickel ore was relatively insufficient. Meanwhile, some domestic manufactures resumed their production encouraged the nickel market. Besides, FED was relatively optimistic with the future of U.S economy, the index of U.S dollar was in high level. So, LME nickel price kept on rising. Yesterday, LME nickel was quoted at 13255 USD/T. Its inventory was 210066 tons. Some domestic enterprises had resumed their production. It encouraged the market of future nickel. However, the trading volume was getting less. So, the price of electrolytic nickel was not stable in this week. In the morning, Jinchuan quoted its electrolytic nickel at 105600 RMB/T.The barrelled small piece electrolytic nickel was quoted at 106800 RMB/T. The price of Jinchuan nickel was 105650-106250 RMB/T, and Russian nickel was quoted at 104950-105450 RMB/T.
London Metal Exchange (LME) |
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Date |
Closing Price(USD/T) |
Opening Stock(T) |
2020-2-7 |
12830 |
203946 |
2020-2-10 |
12920 |
204078 |
2020-2-11 |
13120 |
208722 |
2020-2-12 |
13155 |
209742 |
2020-2-13 |
13255 |
210066 |
- [Editor:王可]
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