Electrolytic nickel market weekly comment(November 2nd-November 6th) LME nickel price rebounded, the electrolytic nickel price was not steady

  • Friday, November 6, 2020
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(November 2nd-November 6th) LME nickel price rebounded, the electrolytic nickel price was not steady

[ferro-alloys.com]In early period, global economy was affected by COVID-19, so LME nickel market was still in downturn. Later, U.S presidential election vary from time to time. It influenced global economy. U.S stock index rose up, and the index of U.S dollar dropped down. Relatively, LME nickel price rebounded. By the end of trading, LME nickel was quoted at 15560 USD/T. The inventory was 238386 tons. LME nickel market was not stable, and domestic market of downstream industry was in downturn. So, the electrolytic nickel market was not steady in this week. 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 122100-122500 RMB/T, and Russian nickel was quoted at 116200-116600 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-10-30

15225

239016

2020-11-2

15205

239016

2020-11-3

15340

238674

2020-11-4

15415

238956

2020-11-5

15560

238386

 
  • [Editor:王可]

Tell Us What You Think

please login!   login   register
  • Buy & Sell

 
Please be logged in to comment!