[ferro-alloys.com]U.S Congress agreed to make inquiry impeachment about Donald Trump. Meanwhile, American main economic indicators were not well. The gold price rose up sharply. Relatively, LME nickel price went down largely. By the end of trading, LME nickel was quoted at 17165 USD/T. It was 205 USD/T lower than the price on Monday.The trading volume was not as large as people’s expectation in future nickel market today. Due to fall of LME nickel price, the price of future nickel went down.Compared with Shanghai future nickel 1911 contract, the discount of Russian nickel was 0-100 RMB/T, and the premium of Jinchuan nickel was 100-200 RMB/T.Today, Jinchuan quoted its electrolytic nickel at 135800 RMB/T, it was 1200 RMB/T lower than the price yesterday. 

The stainless steel market was stable today. However, the price of nickel ore rose up, the ferronickel price lifted up largely.The high grade ferronickel was quotd at 1180-1230 RMB/Nickel.The low grade ferronickel was 3200-3250 RMB/T.

• [Editor:王可]