Steel News

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

LME’s nickel price hit seven-month record high on Apr. 19

22 Apr 2024 17:20 reported by Stanley Wang

A A A
The London Metal Exchange (LME) nickel futures price hit a seven-month record high, soared by US$767/ton, and closed at US$19,326/ton on April 19. Meanwhile, the nickel spot price hiked by US$790/ton to US$19,161/ton. The nickel inventory at LME increased by 276 tons to 73,758 tons.

Because the tension in the Middle East eased, safe-haven currencies and the US dollar slightly turned weak. The atmosphere of the market developed toward the optimistic side. Meanwhile, China’s stainless steel inventories kept decreasing, and stainless steel prices continued to be strong. These factors drove the nickel prices greatly.

Back to Steel News

Related News

China’s stainless steel demand from four major home appliances in May & Jun might decrease, still above five-year average

  • Stainless steel
  • 30 May 2024 17:20

Nickel prices expected to remain volatile in short term

  • Stainless steel
  • 30 May 2024 17:18

Taiwan's stainless steel mills expected to increase new prices for Jun

  • Stainless steel
  • 30 May 2024 16:43

Stainless steel Jun rates in Taiwan expected to increase

  • Stainless steel
  • 29 May 2024 17:16

Brazil decides to impose AD measures on cold-rolled stainless steel products of grades 200 series & 410 from China

  • Stainless steel
  • 29 May 2024 15:38

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,059.00
  • 3,116.00
  • Aluminum
  • 2,694.00
  • 2,740.00
  • Copper
  • 10,292.00
  • 10,429.00
  • Nickel
  • 20,250.00
  • 20,560.00

Learn more

Coil Exchange Center

  • 2B Coil-Jun
  • 2,660
  • 2,520
  • NO1 Coil-Jun
  • 2,630
  • 2,490
  • 2B Coil-Jun
  • 2,660
  • 2,520
  • NO1 Coil-Jun
  • 2,630
  • 2,490

Learn more