[ferro-alloys.com]U.S will postpone the tariff on some Chinese goods. Meanwhile, China will keep on trade negotiation with U.S. So, people felt encouraged in the market. By the end of trading, LME nickel was quoted at 15750 USD/T. It was 50 USD/T higher than the price on Monday. The future nickel market was in downturn, and the trading volume was less. Compared with Shanghai future nickel 1909 contract, the discount of Russian nickel was 300 RMB/T, and the premium of Jinchuan nickel was 900-1100 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 123500 RMB/T, it was 500 RMB/T lower than the price yesterday.

Although LME nickel market was in upturn, the prices of some stainless steel went down. So, the ferronickel price could not rise up at present.The ferronickel price was stable today.The high grade ferronickel was quotd at 1070-1090 RMB/Nickel.The low grade ferronickel was 3050-3250 RMB/T.

• [Editor:王可]