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Nickel price trend on September 11th

  • Tuesday, September 11, 2018
  • Source:ferro-alloys.com

  • Keywords:Nickel,price trend
[Fellow]Nickel price trend on September 11th

[ferro-alloys.com]Yesterday, an European Union official said that Europe might make a deal with Britain about Brexit. It made Pound value rose up and the U.S dollar value dropped down. Relatively, future nickel price went up in London Metal Exchange. By the end of trading, LME nickel was quoted at 12410 USD/T. It was 75 USD/T higher than the price on last Friday. Encouraged by rising of LME nickel, Shanghai Future Nickel price rose up,too. Compared to Wuxi 1809 contract, the premium of Russian nickel was 200 RMB/T, and the premium of Jinchuan nickel was 5900 RMB/T. Jinchuan quoted its electrolytic nickel at 108000 RMB/T today. It was 500 RMB/T higher than the price yesterday.

The 2nd round environmental protection inspection continued. Parts of steel plants halted their production for overhaul. The high grade ferronickel demand was not insufficient. The mainstream price was 1055-1075 RMB/Nickel.At present, due to the environmental protection, the output of low grade ferronickel was restricted, and the coke price was still on high level. The low grade ferronickel price remained at 3650-3750 RMB/T 

  • [Editor:王可]

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