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Print[ferro-alloys.com]In this wee, FED chairman Powell made a dovish speech. People were more expected to see the decreasing of interest. The index of U.S dollar dropped down in this week. Meanwhile, China and U.S would resume trade negotiation. These good news made LME nickel risen up in this week.Yesterday, LME nickel was quoted at 13120 USD/T, and its inventory was 157386 tons. In this week, the traders were not positive in future nickel market. Due to rising of LME nickel price, the electrolytic nickel price went up largely.In the morning, Jinchuan quoted its electrolytic nickel at 104000 RMB/T.The barrelled small piece electrolytic nickel was quoted at 105200 RMB/T. The price of Jinchuan nickel was 104400-104600 RMB/T, and Russian nickel was quoted at 102700-102900 RMB/T.
·LME nickel price and its inventory detail:
|
London Metal Exchange (LME) |
||
|
Date |
Closing Price(USD/T) |
Opening Stock(T) |
|
2019-7-5 |
12465 |
157464 |
|
2019-7-8 |
12710 |
154740 |
|
2019-7-9 |
12750 |
154104 |
|
2019-7-10 |
13015 |
153612 |
|
2019-7-11 |
13120 |
153420 |
- [Editor:王可]
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