Nickel price trend on November 10th

  • Tuesday, November 10, 2020
  • Source:ferro-alloys.com

  • Keywords:nickel,price trend
[Fellow]Nickel price trend on November 10th

[ferro-alloys.com]Covid-19 vaccine research had got great progress. It encouraged macroeconomy. The index of global stock rose up. LME nickel price rose up by 450 USD/T on last trading day. It was quoted at 15795 USD/T. Although LME nickel market was in upturn, there was no good news from downstream industry in domestic market of future nickel. The price rose up a little. Compared with Shanghai future nickel 2012 contract, the discount of Russian nickel was 0-100 RMB/T, and the premium of Jinchuan nickel was 6000-6400 RMB/T. Jinchuan quoted its electrolytic nickel at 123200 RMB/T. It was the same as the price on last trading day.

The stainless-steel market was stable, so was the ferronickel market. In Shandong Provinces, the high-grade ferronickel price reached 1165 RMB/T at most. In Inner Mongolia, the price was 1140-1150 RMB/Nickel. In Jiangsu and Liaoning Provinces, the price was 1145-1155 RMB/Nickel. The low-grade ferronickel price remained at 3300-3400 RMB/T.

 

  • [Editor:王可]

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