Electrolytic nickel market weekly comment(November 9th-November 13th) LME nickel price rebounded, the electrolytic nickel price rose up a little

  • Friday, November 13, 2020
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(November 9th-November 13th) LME nickel price rebounded, the electrolytic nickel price rose up a little

[ferro-alloys.com]U.S presidential election had ended. U.S economic stimulation had not made any progress. The index of U.S dollar went down. Besides, COVID-19 vaccine research had made some progress. It encouraged global macroeconomy. Relatively, LME nickel price went up in this week. By the end of trading, LME nickel was quoted at 15900 USD/T. The inventory was 239154 tons. LME nickel market was in upturn. However, people were not positive in downstream industry market. So, the electrolytic nickel market rose up only a little in this week. In the morning, Jinchuan quoted its electrolytic nickel at 122500 RMB/T. The barrelled small piece electrolytic nickel was quoted at 123700 RMB/T. The price of Jinchuan nickel was 122700-123100 RMB/T, and Russian nickel was quoted at 117800-118100 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-11-6

15345

238830

2020-11-9

15795

238830

2020-11-10

15905

239292

2020-11-11

16000

239400

2020-11-12

15900

239154

 
  • [Editor:王可]

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