[ferro-alloys.com]A new round of China-U.S trade negotiation started this week. People were optimistic about its forecast. Meanwhile, U.S FED published its Conference summary in January. Its tone was dovish in general. So, U.S index kept on dropping in most of the week. What’s more, crude oil price was rising this week. So, LME nickel price kept on rising in general in this week.  Yesterday, LME nickel was quoted at 12845 USD/T, and its inventory was 200184 tons. The trading volume was gradually rising in domestic nickel market in this week. Due to rising of LME nickel price, the price of domestic future nickel rose up in general in this week. In the morning, Jinchuan quoted its electrolytic nickel at 101600 RMB/T.The barrelled small piece electrolytic nickel was quoted at 102800 RMB/T. They were both the same as the prices yesterday. The price of Jinchuan nickel was 102000-102250 RMB/T, and Russian nickel was quoted at 101700-101900 RMB/T.

·LME nickel price and its inventory detail:

• [Editor:王可]