Nickel price trend on December 14th

  • Monday, December 14, 2020

  • Keywords:nickel,price trend
[Fellow]Nickel price trend on December 14th

[]U.S government did not reach an agreement for dealing with Covid-19, people felt negative in U.S stock market. U.S stock index went down, and U.S dollar index went up. Relatively, LME nickel price went down by 65 USD/T. It was quoted at 17335 USD/T. Due to upturn of downstream industry market, the domestic future nickel price rose up largely. Compared with Shanghai future nickel 2101 contract, the discount of Russian nickel was from 0 to 100 RMB/T, and the premium of Jinchuan nickel was 1600-2000 RMB/T. Jinchuan quoted its electrolytic nickel at 133200 RMB/T. It was 3200 USD/T higher than the price on last trading day.

The stainless-steel market was in upturn, so the ferronickel price rose up today. Today, in Shandong Provinces, the high-grade ferronickel price was 1040-1050 RMB/Nickel. In Jiangsu and Liaoning Provinces, the price was 1040-1045 RMB/Nickel. In Inner Mongolia, the price was 1030-1040 RMB/Nickel. The low-grade ferronickel price remained at 3300-3400 RMB/T.


  • [Editor:王可]

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