[ferro-alloys.com]Influenced by the import tariff by U.S, the LME nickle price was not steady. In this week, the U.S. government made a speech to release the tension in global trade this week. Besides, they were negolating with some partners to make deals. However, the traders were not optimistic in the market. The LME price decreased further.Yesterday, the LME nickle was quoted at 14790 USD/T by the end of the traading. The inventory was 272754 tons. This week, the governmental inspection group went on their work in Inner Mongolia. The output of ferronickle was still restricted. Besides, affected by the decreasing of  world’s nickle inventory and LME nickle trend, the electrolytic nickle went up and down. Today, Jinchuan quoted its electrolytic nickle (big board) at 116500RMB/T. It was 200RMB/T lower than the price yesterday. The barrelled small piece electrolytic nickle was quoted at 117700RMB/T. The price of Jinchuan nickle was 116150-116300RMB/T, and the price of Russian nickle was 115950-116000RMB/T.

 

The LME nickle price and inventory detail

 

London Metal Exchange (LME)
Date	Closing Price(USD/T)	Opening Stock(T)
2018-06-22	15370	274476
2018-06-25	14790	274242
2018-06-26	14900	274176
2018-06-27	14865	272982
2018-06-28	14790	272754