Electrolytic nickel market weekly comment(Feb 10th- Feb 14th) LME nickel price rose up in general, the price of electrolytic nickel was not stable

  • Friday, February 14, 2020
  • Source:ferro-alloys.com

  • Keywords:LME nickel,electrolytic nickel
[Fellow]Electrolytic nickel market weekly comment(Feb 10th- Feb 14th) LME nickel price rose up in general, the price of electrolytic nickel was not stable

[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)

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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