[ferro-alloys.com]Sino-U.S trade negotiation was going on. People were relatively optimistic about the result. It encouraged the traders in the market. LME nickel price went up again, By the end of trading, LME nickel was quoted at 11205 USD/T. It was 55 USD/T higher than the price on last trading day. Due to rising of LME nickel price, nickel price lifted up in domestic market today. Compared with Wuxi 1901 contract, the discount of Russian nickel was 0-100 RMB/T, and the premium of Jinchuan nickel was 800 RMB/T. Today, Jinchuan quoted its electrlytic nickel at 92100 RMB/T. It was 600 RMB/T higher than the price yesterday.

The stainless steel market kept steady today. However, due to rising of nickel price in general, high grade ferronickel price went up today. It was quoted at 930-950 RMB/Nickel. Low grade ferronickel price kept steady today, it was quoted at 3350-3500 RMB/T

• [Editor:王可]