Steel News

We strive to let you one step ahead of the market.

LME’s nickel price hikes on Dec 1

2 Dec 2022 16:42 reported by Stanley Wang

A A A
On December 1, nickel future price at the London Metal Exchange (LME) hiked by over US$600/ton to above US$27,600/ton. Meanwhile, the nickel spot price also increased by US$604/ton and closed at US$27,496/ton. At the same time, the nickel inventory at LME increased by 1,002 tons to 53,124 tons.

The US dollar depreciated and hit a record low in the past three months, and the restriction of the lockdown in China eased. Therefore, the nickel price was expected to go up.

Back to Steel News

Related News

LME copper price reaches another peak

  • Raw material
  • 20 Jan 2023 16:25

Brazil’s manganese ore exports rise in Dec m-o-m

  • Raw material
  • 19 Jan 2023 11:42

Merafe Resources’ ferrochrome production decreases in Q4 y-o-y

  • Raw material
  • 19 Jan 2023 11:41

China’s coal imports decline in Dec m-o-m, y-o-y

  • Raw material
  • 19 Jan 2023 11:41

West Australian Port Hedland’s iron ore shipment hits record high in 2022

  • Raw material
  • 18 Jan 2023 17:24

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,508.00
  • 3,485.00
  • Aluminum
  • 2,596.00
  • 2,637.00
  • Copper
  • 9,345.00
  • 9,362.00
  • Nickel
  • 29,060.00
  • 29,500.00

Learn more

Coil Exchange Center

  • 2B Coil-Feb
  • 3,060
  • 2,920
  • NO1 Coil-Feb
  • 3,030
  • 2,890
  • 2B Coil-Feb
  • 3,060
  • 2,920
  • NO1 Coil-Feb
  • 3,030
  • 2,890

Learn more