Electrolytic nickel market weekly comment(August 24th-August 28th) LME nickel price went up in general , so was the electrolytic nickel price

  • Friday, August 28, 2020
  • Source:ferro-alloys.com

  • Keywords:LME nickel,electrolytic nickel
[Fellow]Electrolytic nickel market weekly comment(August 24th-August 28th) LME nickel price went up in general , so was the electrolytic nickel price

[ferro-alloys.com]In this week, WBMS published a report that the over-supplied volume of global nickel decreased. It meant that the demand for nickel increased. Meanwhile, Indonesian nickel ore supply was affected due to flood. So, LME nickel price went up in general in this week. By the end of trading, LME nickel was quoted at 15135 USD/T. Its inventory reached 238830 tons. The electrolytic nickel was affected by LME nickel market, the price rose up in this week, and the trading volume was less. In the morning, Jinchuan quoted its electrolytic nickel at 119800 RMB/T. The barrelled small piece electrolytic nickel was quoted at 121000 RMB/T. The price of Jinchuan nickel was 119500-119900 RMB/T, and Russian nickel was quoted at 118700-119100 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-8-21

14765

238950

2020-8-24

14905

238950

2020-8-25

15005

238494

2020-8-26

15205

238818

2020-8-27

15135

238830

 

 

  • [Editor:王可]

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