[ferro-alloys.com]U.S decided not to impose tariff on Mexico. British economy was not in good condition. British Pound index went down. Relatively, the index of U.S dollar rose up. By the end of trading, LME nickel was quoted at 11625 USD/T yesterday. It was 5 USD/T higher than the price on last Friday. Today, the future nickel market was stable. The traders were not positive in the market. Compared with Wuxi 1906 contract, the premium of Russian nickel was zero, and the premium of Jinchuan nickel was 1000-1100 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 97300 RMB/T. It was 200 RMB/T lower than the price yesterday.
The stainless steel kept steady, so did the ferronickel market. Today, the mainstream price of high grade ferronickel was 940-950 RMB/Nickel, and the price of low grade ferronickel was 3200-3400 RMB/T.