[ferro-alloys.com]People predicted that FED would make a dovish speech. Meanwhile, the process of Brexit deal was suffering a setback, British pound index went down. Relatively, U.S index went up a little. Besides, the influence of output restriction by OPEC still existed. By the end of trading, LME nickel was quoted at 13155 USD/T, it was 145 USD/T higher than the price on Monday. Due to rising of LME nickel price, the price of Shanghai future nickel rose up in general. Compared with Wuxi 1904 contract, the premium of Russian nickel was 2700 RMB/T, and the premium of Jinchuan nickel was 3200 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 105500 RMB/T. It was 1000 RMB/T higher than the price yesterday. 

As the LME nickel price went up, the prices of some stainless steel products lifted up. In general, the traders were cautious in the market. Meanwhile, the steel firms were also cautious about bidding of ferronickel. The ferronickel market kept steady in general. Today, the mainstream price of high grade ferronickel was 1040-1055 RMB/Nickel, and the price of low grade ferronickel was 3250-3450 RMB/T

• [Editor:王可]