Electrolytic nickel market weekly comment(June 22nd-June 26th) LME nickel price went down in general, so did the electrolytic nickel price

  • Sunday, June 28, 2020
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(June 22nd-June 26th) LME nickel price went down in general, so did the electrolytic nickel price

[ferro-alloys.com]In this week, the crude oil market was in downturn, and the index of U.S dollar remained in lower level. Besides, China was in Duanwu Holiday in this week, and the market of domestic future nickel was in downturn. So, LME nickel price dropped down a little in this week. On Thursday, LME nickel was quoted at LME 12470 USD/T. Its inventory was 233586 tons. In this week, the demand for future nickel was not sufficient in domestic market, and China was in Duanwu Holiday, the trading volume was less. So, the price of electrolytic nickel was in lower level. Until Wednesday morining, Jinchuan quoted its electrolytic nickel at 102400 RMB/T. The barrelled small piece electrolytic nickel was quoted at 103600 RMB/T. The price of Jinchuan nickel was 102200-102400 RMB/T, and Russian nickel was quoted at 101100-101200 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-6-19

12730

233238

2020-6-22

12620

233238

2020-6-23

12685

233562

2020-6-24

12505

233562

2020-6-25

12470

233586

 

 

  • [Editor:王可]

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