Time: 2019-12-24  immria

Nickel price trend on December 24th

[ferro-alloys.com]Christmas Holiday is coming soon. London Metal Exchange will suspend operation for two days. The trading volume was less, and the price of LME nickel went down. By the end of trading, LME nickel was quoted at 14370 USD/T on Friday. It was 120 USD/T lower than the price on last trading day.The trading volume was still less in domestic future nickel market.More traders quoted their Russian nickel, only few traders quoted their Jinchuan nickel. Due to fall of LME nickel price, the price of future nickel went down.Compared with Shanghai future nickel 2002 contract, the discount of Russian nickel was from 0 to 100 RMB/T, and the premium of Jinchuan nickel was 2100-2300 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 114500 RMB/T. It was 1000 lower than the price yesterday. 

 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. 


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