Nickel price trend on November 4th

  • Wednesday, November 4, 2020
  • Source:ferro-alloys.com

  • Keywords:nickel,price trend
[Fellow]Nickel price trend on November 4th

[ferro-alloys.com]U.S election result had not been published. The trading volume was less. The index of U.S dollar dropped down. Relatively, LME nickel price rose up. By the end of trading, LME nickel was quoted at 15340 USD/T. It went up by 135 USD/T. Due to upturn of LME nickel market, the domestic market of future nickel was in upturn. Compared with Shanghai future nickel 2012 contract, the discount of Russian nickel was 100-250 RMB/T, and the premium of Jinchuan nickel was 5000-5400 RMB/T.

Due to downturn of stainless-steel market, the ferronickel price dropped down. In Shandong Provinces, the high-grade ferronickel price reached 1180 RMB/T at most. In Inner Mongolia, the price was 1150-1160 RMB/Nickel. In Jiangsu and Liaoning Provinces, the price was 1160-1170 RMB/Nickel. The low-grade ferronickel price remained at 3300-3400 RMB/T.

 

  • [Editor:王可]

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