Electrolytic nickel market weekly comment(September 21st-September 25th) LME nickel price dropped down in general, so did the electrolytic nickel price

  • Friday, September 25, 2020
  • Source:ferro-alloys.com

  • Keywords:LME nickel,electrolytic nickel
[Fellow]Electrolytic nickel market weekly comment(September 21st-September 25th) LME nickel price dropped down in general, so did the electrolytic nickel price

[ferro-alloys.com]In this week, global macroeconomy was in downturn, the index of U.S dollar went up. So, LME nickel price dropped down in general. By the end of trading, LME nickel was quoted at 14375 USD/T. Its inventory reached 236646 tons. Due to downturn of LME nickel price trend, the electrolytic nickel price went down in domestic market. In the morning, Jinchuan quoted its electrolytic nickel at 115000 RMB/T. The barrelled small piece electrolytic nickel was quoted at 116200 RMB/T. The price of Jinchuan nickel was 114700-115100 RMB/T, and Russian nickel was quoted at 112400-112800 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-9-18

14855

236526

2020-9-21

14545

236502

2020-9-22

14585

236382

2020-9-23

14400

236310

2020-9-24

14375

236646

 

 

  • [Editor:王可]

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