Nickel price trend on December 25th
[ferro-alloys.com]Christmas Festival was coming soon. The trading volume was less, so was the demand for nickel. So, the price of LME nickel went down.By the end of trading, LME nickel was quoted at 14315 USD/T on Friday. It was 55 USD/T lower than the price on last trading day.Today, the trading volume of future nickel was better than the volume yesterday. 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 2300-2400 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 114000 RMB/T. It was 500 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.