Electrolytic nickel market weekly comment(August 10th-August 14th) LME nickel price dropped down in general , the electrolytic nickel price was not stable

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

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(August 10th-August 14th) LME nickel price dropped down in general , the electrolytic nickel price was not stable

[ferro-alloys.com]In this week, U.S did not reach an agreement about economic stimulation. European economy might not in upturn. Besides, the index of U.S dollar went up, and gold price dropped down. So, LME nickel price dropped down in general in this week. By the end of trading, LME nickel was quoted at 14035 USD/T. Its inventory reached 237228 tons. The electrolytic nickel price was not stable in this week, and the trading volume went up and down. In the morning, Jinchuan quoted its electrolytic nickel at 114400 RMB/T. The barrelled small piece electrolytic nickel was quoted at 1156900 RMB/T. The price of Jinchuan nickel was 114000-114400 RMB/T, and Russian nickel was quoted at 113400-113900 RMB/T.

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-8-7

14370

236280

2020-8-10

14220

235896

2020-8-11

14330

235890

2020-8-12

14240

235866

2020-8-13

14035

237228

 
  • [Editor:王可]

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