[ferro-alloys.com]In early period of this week, U.S made a preliminary agreement with Mexico about new bilateral trade deal. China restarted counter cyclical factors. So, the U.S dollar kept weak in the early period. Relatively, LME nickel price lifted up in the same time. However, in late period, U.S economic index was better than people expected, U.S dollar became strong. Yesterday, it was said that U.S would impose tariff on $200 billion Chinese imported goods. It shocked the future market including LME nickel. The LME nickel dropped down. By the end of trading, LME nickel was quoted at 13310 USD/T, and its inventory was 240678 tons. Influenced by LME nickel price trend and China-U.S trade tension, electrolytic nickel price was not steady. In the morning, Jinchuan quoted its electrolytic nickel (big board) at 111400 RMB/T. It was 1600 RMB/T lower than the price yesterday. The barrelled small piece electrolytic nickel was quoted at 112600 RMB/T. The price of Jinchuan nickel was 111200-111400 RMB/T, and Russian nickel was quoted at 107650-108000 RMB/T.

LME nickel price and its inventory detail:

• [Editor:王可]