Ningbo's non-ferrous metal prices dropped in August

According to news from the Ningbo Price Supervision and Supervision Division, among the six types of non-ferrous metals that were included in the monitoring in August, except for the sharp rise in tin prices, the prices of the remaining five varieties all declined.

In August, the price of copper was 65,180 yuan/ton, a month-on-month decrease of 3.15%, tin price of 150,000 yuan/ton, a month-on-month increase of 15.38%, and nickel price continued to drop, at 261,500 yuan/ton. The monthly price dropped by 4.04% month-on-month.

China's domestic non-ferrous metal prices are basically subject to price changes in the international market. The recent non-ferrous metal futures prices in the international market have fallen except for tin, and the rest have fallen: On August 28, the London Futures Exchange (LME) copper price was $7280/ton. Compared with July 7, the closing price of US$7,777/ton fell by 6.39%.

With the continuous declining prices of stainless steel in recent months, the price of nickel has continued to decline. Nickel prices in the international market have also shown the same trend. On August 28th, the London Futures Exchange (LME) nickel price was 27,770 US dollars/ton. Compared with July 31st, the price of 31,320 USD/ton fell by 11.33%.

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