Electrolytic nickel market weekly comment(September 7th-September 11th) LME nickel price went down in general , so did the electrolytic nickel price

  • Friday, September 11, 2020
  • Source:ferro-alloys.com

  • Keywords:LME nickel,electrolytic nickel
[Fellow]Electrolytic nickel market weekly comment(September 7th-September 11th) LME nickel price went down in general , so did the electrolytic nickel price

[ferro-alloys.com]Global macroeconomy was not in good condition. U.S stock index dropped down largely, so did the crude oil price. So, LME nickel price dropped down in general. By the end of trading, LME nickel was quoted at 14805 USD/T. Its inventory reached 237162 tons. In this week, Indonesian ferronickel output increased. So the demand from downstream industry decreased. The domestic future nickel market was in downturn. In the morning, Jinchuan quoted its electrolytic nickel at 117000 RMB/T. The barrelled small piece electrolytic nickel was quoted at 118200 RMB/T. The price of Jinchuan nickel was 117000-117200 RMB/T, and Russian nickel was quoted at 115000-115400 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-9-4

15330

236634

2020-9-7

15200

236508

2020-9-8

14930

236460

2020-9-9

14905

236478

2020-9-10

14805

237162

 
  • [Editor:王可]

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