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Electrolytic nickle market weekly comment(April 23rd to April 27th): LME nickle price went down in general, the electrolytic nickle price went up and down this week

  • Friday, April 27, 2018
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickle
[Fellow]Electrolytic nickle market weekly comment(April 23rd to April 27th): LME nickle price went down in general, the electrolytic nickle price went up and down this week

[ferro-alloys.com]It was proved that Norilisk nickle delisted two brands in London Metal Exchange didn’t relate to the U.S. sanction against Rusal last week. It made traders calm down in the market. Although LME nickle price rose up in the last two days, it went down in general this week. Yesterday, LME nickle was quoted at 14290USD/T, and the inventory volume was 309594 tons.The electrolytic nickle price was affected by LME nickle price and the requirement from the market. It went up and down in general this week. Today,Jinchuan quoted its electrolytic nickle (big board) at 105000RMB/T, and the barrelled small piece electrolytic nickle was 106200RMB/T. The price of Jinchuan electrolytic nickle was 104800-105200RMB/T, and the Russian electrolytic nickle was quoted at 104400-104800RMB/T.

 

·LME Nickle Price and its inventory detail

 

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2018-04-20

14855

312894

2018-04-23

14280

312912

2018-04-24

14090

312324

2018-04-25

14185

310920

2018-04-26

14290

309594

  • [Editor:王可]

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