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Nickel price trend on August 8th

  • Thursday, August 8, 2019
  • Source:ferro-alloys.com

  • Keywords:Nickel,price trend
[Fellow]Nickel price trend on August 8th

[ferro-alloys.com]It was said that Indonesia government would forbid nickel ore export. People were worried about nickel supply in the future. So, the price of nickel product largely rose up. By the end of trading, LME nickel was quoted at 15450 USD/T, it was 495 USD/T higher than the price on Tuesday. There were nearly no deal in the future nickel market today. The future price limited up soon after opening of the future market.Compared with Shanghai future nickel 1909 contract, the discount of Russian nickel was 300-400 RMB/T, and the premium of Jinchuan nickel was 800-1200 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 125000 RMB/T, it was 5900 RMB/T higher than the price yesterday.

Due to rising of relevant nickel products, the ferronickel price also went up today. The mainstream price of high grade ferronickel was 1065-1100 RMB/Nickel, and the price of low grade ferronickel was 3050-3250 RMB/T.

  • [Editor:王可]

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