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Nickel price trend on December 30th

  • Monday, December 30, 2019
  • Source:ferro-alloys.com

  • Keywords:nickel,price trend
[Fellow]Nickel price trend on December 30th

[ferro-alloys.com]Global economic situation was getting better. The index of U.S dollar went down.Relatively, LME nickel price lifted up. On December 27th, LME nickel price was 14230 USD/T. It was 85 USD/T lower. By the end of this year, Jinchuan nickel was short of goods because Jinchuan did not supply goods recently. So, the price of future nickel rose up. Compared with Shanghai future nickel 2002 contract, the discount of Russian nickel was from 100 to 200 RMB/T, and the premium of Jinchuan nickel was 3500-3800 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 114200 RMB/T. It was 800 lower than the price on last trading day. 

The stainless steel market was stable,so was the ferronickel market.Today,the mainstream of high grade ferronickel was 1000-1020 RMB/Nickel point, and the price of low grade ferronickel was 3300-3450 RMB/T.  

  • [Editor:王可]

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