Electrolytic nickel market weekly comment(April 26th-April 30th) LME nickel price rose up in general, the price of electrolytic nickel was not stable

  • Thursday, April 30, 2020
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(April 26th-April 30th) LME nickel price rose up in general, the price of electrolytic nickel was not stable

[ferro-alloys.com]After fall of crude oil price, it rose up a little this week. Meanwhile, the index of U.S dollar remained in lower level in most of this week. Relatively, LME nickel rose up in general this week. Yesterday, LME nickel was quoted at 12320 USD/T. Its inventory was 231156 tons. The demand from downstream was relatively insufficient, the trading volume was less in domestic market of future nickel this week. So, the rising trend of future nickel market was restricted this week. It was not stable this week. In the morning, Jinchuan quoted its electrolytic nickel at 101800 RMB/T. The barrelled small piece electrolytic nickel was quoted at 103000 RMB/T. The price of Jinchuan nickel was 102200-102400 RMB/T, and Russian nickel was quoted at 100700-100900 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-4-24

12250

230664

2020-4-27

12235

231132

2020-4-28

12330

231132

2020-4-29

12320

231156

 
  • [Editor:王可]

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