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Electrolytic nickel market weekly comment(Dec 16th- Dec 20th) LME nickel price rose up in general, so did the electrolytic nickel price

2019-12-23 13:59:20 4

[ferro-alloys.com]The macro-economy situation was better in this week. China-U.S trade negotiation got phased result. U.S economy index was better than people’s expectation in November. Besides, Indonesia would forbid nickel ore export soon. The demand for nickel might be increased. So, the price of LME nickel rose up.Yesterday, LME nickel was quoted at 14200 USD/T. Its inventory was 136770 tons. The traders were not positive in domestic future nickel market in this week. In this week, LME nickel price rose up, so the price of future nickel went up a little. In the morning, Jinchuan quoted its electrolytic nickel at 114000 RMB/T.The barrelled small piece electrolytic nickel was quoted at 115200 RMB/T. The price of Jinchuan nickel was 114000-114400 RMB/T, and Russian nickel was quoted at 111800-112200 RMB/T.

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2019-12-13

14215

123228

2019-12-16

14235

124158

2019-12-17

14025

130224

2019-12-18

13870

133710

2019-12-19

14200

136770


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