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Print[ferro-alloys.com]In this week, FED Chairman Powell announced to cut interest rate by 25 points. It confirmed to people’s expection. However, Powell said it was just a periodic adjustment. U.S President Trump announced to impose 10% tariff on 300 billion dollars Chinese goods. People got shocked in the market. In early period of this week, LME nickel price kept on rising. Later, nickel price dropped down. Yesterday, LME nickel was quoted at 14450 USD/T. Its inventory was 143670 tons. In this week, the trading volume was still less in future nickel market. The electrolytic nickel price was not stable.In the morning, Jinchuan quoted its electrolytic nickel at 115000 RMB/T.The barrelled small piece electrolytic nickel was quoted at 116200 RMB/T. The price of Jinchuan nickel was 115300-115800 RMB/T, and Russian nickel was quoted at 113600-115700 RMB/T.
·LME nickel price and its inventory detail:
|
London Metal Exchange (LME) |
||
|
Date |
Closing Price(USD/T) |
Opening Stock(T) |
|
2019-7-26 |
14135 |
145062 |
|
2019-7-29 |
14350 |
143988 |
|
2019-7-30 |
14305 |
143988 |
|
2019-7-31 |
14555 |
143628 |
|
2019-8-1 |
14450 |
143670 |
- [Editor:王可]
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