LME Ni Average Price in September Up by 13% from Prior Month

摘要

LME monthly average nickel price in September 2019 was <> Cash seller: US$17,673.10 per ton (US$8.016 per lb) and <> 3-month seller: US$17,562.86 per ton (US$7.966 per lb). When compared with the average price in August, the price for cash seller was up by 12.7% and the one for 3-month seller up by 12.1%. (Hereinafter, the price is per ton) However, the price in September showed a downward trend contrary to the case in the prior month, and was declining while repeating such movements many times as rebounding due to a rise in the prices of raw materials and dropping back due to profit booking and strong dollar. The price is swinging up and down with such a big range as the highest price of the cash seller was US$18,625 (September 2) and the lowest price of the same was US$17,000 (September 17).