[ferro-alloys.com]Yesterday, U.S president Trump criticized the Federal Reverse Board for their decision of interest rate rising. The U.S dollar decreased at the lowest level in the week. Relatively, the metal price including nickel went up in London Metal Exchange yesterday. By the end of trading, the LME nickel was quoted at 13615 USD/T. It was 60 USD/T higher than the price on Monday. In the morning, affected by the rising of LME nickel price, foreign and domestic nickel inventory declining, and good supply-demand market, the prices of Shanghai future nickel in all contract rose up. Compared to Wuxi 1809 contract, the premium of Russian nickel was 300 RMB/T, and the premium of Jinchuan nickel was 1800 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 113500 RMB/T. It was 500 RMB/T higher than the price yesterday.

Recently, Taiyuan Steel’s second round high grade ferronickel purchase price was 1095 RMB/Nickel. It was 30 RMB/Nickel higher than the first round purchase price. The inquiry price by Dingxin Nickel was 1130-1140 RMB/Nickel. Encouraged by the goog  nickel market, people were active in high grade ferronickel inquiry. So, the price went up today. In Inner Mongolia, the high grade ferronickel price was 1085-1100 RMB/Nickel. In Liaoning, Shandong and Jiangsu Provinces, the high grade ferronickel was quoted at 1090-1110 RMB/Nickel. The low grade ferronickel price was remained at 3250-3350 RMB/T.

• [Editor:王可]