Time:   immria

Nickel price trend on January 9th

[ferro-alloys.com]U.S ADP employment figure increased by 200 thousands. It was the highest level since may, 2019. U.S President Trump’s speech released the political tension. Nonferrous metal market was in upturn. By the end of trading, LME nickel was quoted at 14070 USD/T. It was 160 USD/T higher than the price on last trading day. Due to rising of LME nickel price, the price of future nickel rose up in domestic market today. The trading volume was less. Compared with Shanghai future nickel 2002 contract, the premium of Russian nickel was from 200 to 300 RMB/T, and the premium of Jinchuan nickel was 5300-5600 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 116000 RMB/T. It was 2000 higher than the price yesterday. 

The stainless steel market was stable,so was the ferronickel market.Today,the mainstream of high grade ferronickel was 960-970 RMB/Nickel point, and the price of low grade ferronickel was 3300-3450 RMB/T.  


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