Electrolytic nickel market weekly comment(May 25th-May 29th) LME nickel price dropped down in general, the price of electrolytic nickel was relatively stable

  • Friday, May 29, 2020
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(May 25th-May 29th) LME nickel price dropped down in general, the price of electrolytic nickel was relatively stable

[ferro-alloys.com]In this week, the index of U.S dollar was still in downturn, the price of crude oil dropped down. These made LME nickel price used to dropped down. However, the supply of nickel ore decreased in Southeast Asia, the nickel price used to rise up. So, LME nickel price was not stable in this week. In general, it dropped down. Yesterday, LME nickel was quoted at 12240 USD/T. Its inventory was 233502 tons. In this week, the demand for future nickel was not sufficient in domestic market. So, the market of future nickel was relatively stable in this week. In the morning, Jinchuan quoted its electrolytic nickel at 101600 RMB/T. The barrelled small piece electrolytic nickel was quoted at 102800 RMB/T. The price of Jinchuan nickel was 101250-101650 RMB/T, and Russian nickel was quoted at 99900-100300 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-5-22

12280

233850

2020-5-26

12350

234198

2020-5-27

12140

234198

2020-5-28

12240

233502

 

 

  • [Editor:王可]

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