Nickel price trend on August 29th

  • Thursday, August 29, 2019
  • Source:ferro-alloys.com

  • Keywords:Nickel,price trend
[Fellow]Nickel price trend on August 29th

[ferro-alloys.com]The U.S debt yield was being less and less. However, both the index of U.S stock and U.S dollar index were not affected. They all rose up, so did the LME nickel price. So, LME nickel was quoted at 16295 USD/T. It was 640 USD/T higher than the price on Tuesday. The trading volume was still less in future nickel market today. The price was in high level.Compared with Shanghai future nickel 1910 contract, the discount of Russian nickel was 100 RMB/T, and the premium of Jinchuan nickel was 500-600 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 127200 RMB/T, it was 2000 RMB/T higher than the price yesterday.

The stainless steel market was boomed up a little. The price of some products rose up. The ferronickel market was stable today.The high grade ferronickel was quotd at 1090-1100 RMB/Nickel.The low grade ferronickel was 3150-3250 RMB/T.

  • [Editor:王可]

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