Nickel price trend on December 18th

  • Tuesday, December 18, 2018
  • Source:ferro-alloys.com

  • Keywords:Nickel, price trend
[Fellow]Nickel price trend on December 18th

[ferro-alloys.com]U.S FED would held policy conference. It was said that U.S FED would increase interest rate, but they would be more cautious in next year. So, U.S dollar kept strong. Meanwhile, U.S stock was shocked. All indexes of these stocks went down. Relatively, LME nickel price dropped down. By the end of trading, LME nickel was quoted at 10995 USD/T yesterday. It was 45 USD/T lower than the price on last Friday. The declining of LME nickel price influenced the domestic nickel market. The price of Jinchuan nickel dropped down. Compared with Wuxi 1901 contract, the discount of Russian nickel was 150-200 RMB/T, and the premium of Jinchuan nickel was 5500 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 95600 RMB/T. It was the same as the price yesterday.

Recently, LME nickel price went up week-on-week. The situation of nickel trading improved in domestic market. So, ferronickel stopped decreasing in recent few days. The price of high grade ferronickel went up a little. The mainstream price was 930-945 RMB/Nickel. The low grade ferronickel price kept steady today. It was quoted at 3450-3600 RMB/T.

  • [Editor:王可]

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