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Electrolytic nickel market weekly comment(March 25th- March 29th) LME nickel price was not steady, the electrolytic nickel price went up and down

  • Friday, March 29, 2019
  • Source:ferro-alloys.com

  • Keywords:Electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(March 25th- March 29th) LME nickel price was not steady, the electrolytic nickel price went up and down

[ferro-alloys.com]The Brexit Progress had been made in this week. Besides, The index of Turkish Lira dropped down. So, U.S index was not steady. Meanwhile, people were worried about global economy. It was not good for nickel market. Besides, oil price was affected by several factors, it was not steady in this week. In general, LME nickel went down a little.Yesterday, LME nickel was quoted at 12875 USD/T, and its inventory was 183102 tons. In most of this week, electrolytic nickel price went down a little. On Tuesday, LME nickel rose up largely. So, the price of electrolytic nickel lifted up largely on Wednesday. In general, the electrolytic nickel price was not steady.In the morning, Jinchuan quoted its electrolytic nickel at 103200 RMB/T.The barrelled small piece electrolytic nickel was quoted at 104400 RMB/T. They were 500 RMB/T lower than the prices yesterday. The price of Jinchuan nickel was 103500-103700 RMB/T, and Russian nickel was quoted at 102750-102850 RMB/T.

·LME nickel price and its inventory detail:

 

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2019-3-22

12975

185358

2019-3-25

12955

184260

2019-3-26

13105

183582

2019-3-27

13050

183126

  2019-3-28   

12875

183102

 
  • [Editor:王可]

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