Nickel price trend on January 15th

  • Wednesday, January 15, 2020
  • Source:ferro-alloys.com

  • Keywords:nickel,price trend
[Fellow]Nickel price trend on January 15th

[ferro-alloys.com]Recently, China and U.S signed phase one trade deal. People felt more positive in the market. The index of U.S dollar went down. Yesterday, the inventory of LME nickel increased, and the price was 13890 USD/T. It was 215 USD/T lower than the price on last trading day. Today, both the demand and supply were insufficient in domestic future nickel market. Due to fall of LME nickel price, the price of future nickel went down.Compared with Shanghai future nickel 2002 contract, the premium of Russian nickel was from 0 to 100 RMB/T, and the premium of Jinchuan nickel was 4900-5000 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 113500 RMB/T. It was 1300 lower than the price yesterday. 

The Spring Festival was coming soon. The stainless steel market was in downturn, so was the ferronickel market.Today,the mainstream of high grade ferronickel was 960-970 RMB/Nickel point, and the price of low grade ferronickel was 3300-3450 RMB/T.  

  • [Editor:王可]

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