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Nickel price trend on September 23rd

  • Wednesday, September 23, 2020
  • Source:ferro-alloys.com

  • Keywords:nickel,price trend
[Fellow]Nickel price trend on September 23rd

[ferro-alloys.com]A senior fellow said that the quantitative easing policy would not make effort for economy recovery. After that, the index of U.S dollar went up. Philippine would be in rainy season, the supply of nickel ore was insufficient. It would remain for a period of time. So, LME nickel price rose up a little. By the end of trading, LME nickel was quoted at 14585 USD/T. It rose up by 40 USD/T. LME nickel market went up at first and then dropped down. So, the future nickel market was affected in domestic market. It dropped down. Compared with Shanghai future nickel 2011 contract, the discount of Russian nickel was 400-450 RMB/T, and the premium of Jinchuan nickel was 1950-2050 RMB/T. Jinchuan quoted its electrolytic nickel at 115300 RMB/T. It was the same as the price on last trading day.

The stainless-steel market was stable, so was the ferronickel market. In Jiangsu, Shandong Provinces, the high-grade ferronickel price reached 1165 RMB/T at most. In Inner Mongolia and Liaoning Province, the price was 1155-1165 RMB/Nickel. The low-grade ferronickel price remained at 3300-3450 RMB/T.

 

  • [Editor:王可]

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