[ferro-alloys.com]It was said that China and U.S might have a disscussion about the trade tariff yesterday. The message encouraged the markets of base metals, including nickel market,and the prices rose up. By the end of the trading, the LME nickel was quoted at 14065 USD/T. It was 170 USD/T higher than the price on last trading day. In the morning, affected by the rising of LME nickel price, the prices of future nickel in all contracts went up. Compared to Wuxi 1808 contract, the premium of Russian nickel was zero, and the premium of Jinchuan nickel was 1050 RMB/T. Today, Jinchuan quoted its electrolytic nickel (big board) at 114000 RMB/T. It was 700 RMB/T higher than the price yesterday.

Although the prices of stainless steel products kept rising due to the good market of nickel series products, the actual trading volume was not as high as people expected. So the demands for ferronickel was limited in the market. What’s more, the output of ferronickel was not in high level, the supply of ferronickel was restricted. The ferronickel price kept steady. Today, the price of high grade ferronickel remained at 1080-1095 RMB/T, and the low grade ferronickel price was kept at 3400-3500RMB/T.

• [Editor:王可]