Electrolytic nickel market weekly comment(August 17th-August 21st) LME nickel price went up in general , so was the electrolytic nickel price

  • Friday, August 21, 2020
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(August 17th-August 21st) LME nickel price went up in general , so was the electrolytic nickel price

[ferro-alloys.com]In early period of this week, global macroeconomy was in good condition, and the supply of nickel was relatively insufficient. So, LME nickel price rose up. In later period, FED said that the economy growth might not reach the expected level. It shocked global market, and nickel market was also affected. The price dropped down. In general, the price of LME nickel went up this week. By the end of trading, LME nickel was quoted at 14615 USD/T. Its inventory reached 239304 tons. The electrolytic nickel was affected by LME nickel market, the price rose up in this week, and the trading volume was less. In the morning, Jinchuan quoted its electrolytic nickel at 116000 RMB/T. The barrelled small piece electrolytic nickel was quoted at 117200 RMB/T. The price of Jinchuan nickel was 115700-115900 RMB/T, and Russian nickel was quoted at 115100-115300 RMB/T.

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-8-14

14380

238638

2020-8-17

14635

238638

2020-8-18

14745

238530

2020-8-19

14635

238584

2020-8-20

14615

239304

 
  • [Editor:王可]

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