Nickel price trend on September 17th

  • Tuesday, September 17, 2019

  • Keywords:Nickel,price trend
[Fellow]Nickel price trend on September 17th

[]Saudi Arabia oil facilities was attacked. It affected crude oil output. So, the price of crude oil rose up, and so did the U.S dollar index. Relatively, LME nickel price dropped down largely. By the end of trading, LME nickel was quoted at 17295 USD/T. It was 460 USD/T lower than the price on last Friday.The trading volume was not as much as people’s expectation in domestic future nickel in general today. Due to fall of nickel market, the price of spot good went down largely. Compared with Shanghai future nickel 1910 contract, the premium of Russian nickel was 0-100 RMB/T, and the premium of Jinchuan nickel was 300-400 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 135200 RMB/T, it was 4600 RMB/T lower than the price yesterday. 

The stainless steel market was stable in general today. Only few products were sold in lower price. The ferronickel market kept steady today.The high grade ferronickel was quotd at 1135-1155 RMB/Nickel.The low grade ferronickel was 3200-3250 RMB/T.

  • [Editor:王可]

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