Electrolytic nickel market weekly comment(June 1st-June 5th) LME nickel price rose up in general, so did the price of electrolytic nickel

  • Friday, June 12, 2020
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(June 1st-June 5th) LME nickel price rose up in general, so did the price of electrolytic nickel

[ferro-alloys.com]U.S FED remained the interest rate at zero. The period oil output reduction extended. However, the macroeconomy data was still in downturn. So, LME nickel market was affected. The price went down in general in this week. Yesterday, LME nickel was quoted at 12650 USD/T. Its inventory was 232110 tons. In this week, the demand for future nickel was not sufficient in domestic market, so the goods accumulation increased. the price of future nickel dropped down in general in this week. In the morning, Jinchuan quoted its electrolytic nickel at 102000 RMB/T. The barrelled small piece electrolytic nickel was quoted at 103200 RMB/T. The price of Jinchuan nickel was 102100-102300 RMB/T, and Russian nickel was quoted at 101000-101200 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-6-5

12915

232410

2020-6-8

13070

232110

2020-6-9

12910

232110

2020-6-10

13010

232110

2020-6-11

12650

232110

 
  • [Editor:王可]

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