[ferro-alloys.com]The traders were worried about the upgrading of trade conflict between China and U.S.,the LME nickel price went down on last Friday. By the end of trading, the LME nickel was quoted at 13970USD/T. In the morning, influenced by LME nickel price trend, the prices of future nickel in main contracts declined in Shanghai Future Exchange. Compared to Wuxi 1808 contract, the premium of Russian nickel was 100RMB/T, and the premium of Jinchuan nickel was 600RMB/T. Today, Jinchuan quoted its electrolytic nickel (big board) at 111800RMB/T. 

Today, the price of nickel went down in general. The supply and the demand were not in high level. Only few tradings of ferronickel were completed. Last week, ZPSS announced its high grade ferronickel purchase price at 1090RMB/Nickel. It was 30-40RMB/Nickel lower than the price in the week before last. Today, the high grade ferronickel price was 1070-1090RMB/Nickel. It was lower than the price on last Friday. The low grade ferronickel price was remained at 3400-3500RMB/T.

• [Editor:王可]