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Electrolytic nickel market weekly comment(November 23rd-November 27th) LME nickel price went up, so did the electrolytic nickel price

  • Friday, November 27, 2020
  • Source:ferro-alloys.com

  • Keywords:electrolytic nickel, LME nickel
[Fellow]Electrolytic nickel market weekly comment(November 23rd-November 27th) LME nickel price went up, so did the electrolytic nickel price

[ferro-alloys.com]Covid-19 vaccine research had made great progress. It encouraged metal market. So, LME nickel price went up in general in this week. By the end of trading, LME nickel was quoted at 16290 USD/T. The inventory was 240636 tons. Nickel downstream industry market was in downturn including stainless-steel market. However, macroeconomy was in upturn. So, the electrolytic nickel price rose up in this week. In the morning, Jinchuan quoted its electrolytic nickel at 125500 RMB/T. The barrelled small piece electrolytic nickel was quoted at 126700 RMB/T. The price of Jinchuan nickel was 125900-126100 RMB/T, and Russian nickel was quoted at 122000-122300 RMB/T.

London Metal Exchange (LME)

Date

Closing Price(USD/T)

Opening Stock(T)

2020-11-20

16150

239664

2020-11-23

16070

240678

2020-11-24

16255

240174

2020-11-25

16060

240390

2020-11-26

16290

240636

 

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