Nickel price trend on January 28th

  • Monday, January 28, 2019
  • Source:ferro-alloys.com

  • Keywords:Nickel, price trend
[Fellow]Nickel price trend on January 28th

[ferro-alloys.com]On last Friday, U.S President Trump made a temporary agreement with Congress. The Government would open for three weeks. It was said that FED would put an end to balance sheet reduction. So, US dollar index dropped down. Relatively, LME nickel price went up. By the end of trading, LME nickel price was 11950 USD/T. It was 200 USD/T higher than the price on last Thursday. Influenced by rising of LME nickel price and shortage of nickel inventory, the domestic nickel price rose up largely. Compared with Wuxi 1902 contract, the discount of Russian nickel was zero, and the premium of Jinchuan nickel was 1500 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 96800 RMB/T. It was 1100 RMB/T higher than the price on last Friday. 

Today, the 304 series stainless steel price went up. Relatively, high grade ferronickel price rose up. On last week, the purchase price of high grade ferronickel by ZPSS was 990 RMB/Nickel.It was 20 RMB/T higher than the price in last period. Today,the mainstream price of high grade ferronickel was 955-970 RMB/Nickel. The low grade ferronickel market kept steady, its mainstream price was 3250-3450 RMB/T.

  • [Editor:王可]

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