[ferro-alloys.com]In July, the trade tension between China and U.S was released. Both teams started to resume negotiation. In this month, FED official made some speech. They implied that they might decrease interest in the future. People were more expected to see the situation happen in July. Meanwhile, Philippine govern would start mining inspection, Indonesian government would forbid raw ore export in 2022. Besides, the extreme weather also affected the supply of nickel ore. These influenced the nickel market. In most of this month, LME nickel price kept on rising. In this week, LME nickel price started to drop down. Yesterday, LME nickel was quoted at 14030 USD/T. Its inventory was 145500 tons. In this month, the trading volume was less in future nickel market. Due to rising of LME nickel price, the price of electrolytic nickel rose up in general in this month.In the morning, Jinchuan quoted its electrolytic nickel at 112500 RMB/T.The barrelled small piece electrolytic nickel was quoted at 113700 RMB/T. They were 300 RMB/T higher than the prices yesterday. The price of Jinchuan nickel was 112400-113000 RMB/T, and Russian nickel was quoted at 110300-110800 RMB/T.

• [Editor:王可]