[ferro-alloys.com]Yesterday, the White House announced that U.S would impose 10% tariff to $200 billions Chinese import goods. It shocked nickel price in LME. By the end of trading, LME nickle was quoted at 13945 USD/T. It was 225USD/T lower than the price on last trading day. In the morning, the panic emotions of traders faded away in Shanghai Future Exchange. What’t more, the U.S House of Representative voted through an non-restrictive act to limit Trump’s right to impose tariff. So, the future nickel price went up in the morning. Compared to Wuxi 1807 contract, the premium of Russian nickle was 100RMB/T, and the premium of Jinchuan nickle was 700RMB/T. Today, Jinchuan quoted its electrolytic nickel (big board) at 113300RMB/T

The inspection of environmenal protection had ended. The ferronickel plant were resuming their productions. In last two days, Typhoon Maria landed in Fujian. It affected the productions of some large steel plants. Meanwhile, the typhoon also influenced stainless steel transporation. Both supply and demand were not in high level in the market. The price of ferronickel kept steady. The high grade ferronickel was quoted at 1080-1100RMB/Nickle, and the price of low grade ferronickel was 3400-3450RMB/T.

• [Editor:王可]