Electrolytic nickel market weekly comment(October 26th-October 30th) LME nickel price went down in general, the electrolytic nickel price was not steady

  • Friday, October 30, 2020
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(October 26th-October 30th) LME nickel price went down in general, the electrolytic nickel price was not steady

[ferro-alloys.com]Due to Covid-19 in Europe, France and Germany decided to lockdown. Besides, U.S economic stimulation plan did not make any progress. People felt negative with global macroeconomy. So, LME nickel price dropped down in general. By the end of trading, LME nickel was quoted at 15555 USD/T. It dropped down by 239310 tons. Typhon hit Philippines, and Philippine nickel ore mining suspended their production because of COVID-19. It was good for nickel market. However, global macroeconomy was in downturn, LME nickel market fell down. So, the electrolytic nickel market was not stable. In the morning, Jinchuan quoted its electrolytic nickel at 122000 RMB/T. The barrelled small piece electrolytic nickel was quoted at 123200 RMB/T. The price of Jinchuan nickel was 121800-122300 RMB/T, and Russian nickel was quoted at 118800-119100 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-10-23

15600

237630

2020-10-26

15590

238152

2020-10-27

15895

238152

2020-10-28

15730

238524

2020-10-29

15555

239310

 

 

  • [Editor:王可]

Tell Us What You Think

please login!   login   register
  • Buy & Sell

 
Please be logged in to comment!